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Record W4399388865 · doi:10.1080/13504851.2024.2364004

An aggregation-consistent implementation of the Hamilton filter

2024· article· en· W4399388865 on OpenAlexaffabout
Marco Cozzi

Bibliographic record

VenueApplied Economics Letters · 2024
Typearticle
Languageen
FieldEconomics, Econometrics and Finance
TopicComplex Systems and Time Series Analysis
Canadian institutionsUniversity of Victoria
Fundersnot available
KeywordsEconometricsFilter (signal processing)EconomicsComputer scienceEnvironmental scienceComputer vision

Abstract

fetched live from OpenAlex

I propose a modified implementation of the popular Hamilton filter, to make the cyclical component extracted from an aggregate variable consistent with the aggregation of the cyclical components extracted from its underlying variables. This procedure is helpful in many circumstances, for instance when dealing with a variable that comes from a definition or when the empirical relationship is based on an equilibrium condition of a growth model. The procedure consists of the following steps: 1) build the aggregate variable, 2) run the Hamilton filter regression on the aggregate variable and store the related OLS estimates, 3) use these estimated parameters to predict the trends of all the underlying variables, 4) rescale the constant terms to obtain mean-zero cyclical components that are aggregation-consistent. I consider two applications, exploiting U.S. and Canadian data. The former is based on the GDP expenditure components, while the latter on the GDP of its Provinces and Territories. I find sizable differences between the cyclical components of aggregate GDP computed with and without the adjustment, making it a valuable procedure for both assessing the output gap and validating empirically DSGE models.

Fetched live from OpenAlex and de-inverted. Abstracts are not stored in this database: the inverted indexes are 8.6 GB of the frame’s 9.3 GB of text, and the host has 13 GB free.

How this classification was reachedexpand

Full frame distilled prediction

Teacher imitation

Not calibrated prevalence, not ground truth. Human validation pending. Learned from the 10,348 direct Codex labels and 10,348 direct Gemma labels. Candidate is the union of thresholded teacher heads; consensus is their intersection. These outputs are machine_predicted_unvalidated and are not human labels or direct frontier model labels.

metaresearch head score (Codex)0.000
metaresearch head score (Gemma)0.000
Version: codex-gemma-dda1882f352aValidation status: machine_predicted_unvalidated
Candidate categoriesnone
Consensus categoriesnone
DomainCandidate signal: none · Consensus signal: none
Study designCandidate signal: Theoretical or conceptual · Consensus signal: none
GenreCandidate signal: Empirical · Consensus signal: Empirical
Teacher disagreement score0.875
Threshold uncertainty score0.802

Codex and Gemma teacher scores by category

CategoryCodexGemma
Metaresearch0.0000.000
Meta-epidemiology (narrow)0.0000.000
Meta-epidemiology (broad)0.0000.000
Bibliometrics0.0000.000
Science and technology studies0.0000.000
Scholarly communication0.0000.000
Open science0.0000.000
Research integrity0.0000.000
Insufficient payload (model declined to judge)0.0010.000

Machine scores (provisional)

The two teacher heads of the student model, read on this work. A score orders the frame for review; it never asserts a category, and the validation status ships verbatim with every row.

Baseline scores from an immature model (maturity gate not passed, 7 training rounds). Scores rank; they never assert a category.

Opus teacher head0.016
GPT teacher head0.212
Teacher spread0.196 · how far apart the two teachers sit on this one work
Validation statusscore_only:v0-immature-baseline · verbatim from the scoring run: score_only means the number may rank works, and no category label ships from it

Classification

machine, unvalidated

Machine predicted; a candidate call from one teacher head, not a consensus.

The models applied no category: nothing in the taxonomy fit this work.
Study designTheoretical or conceptual
Domainnot available
GenreEmpirical

How this classification was reached, model by model and score by score, is at the end of the page under "How this classification was reached".

Quick stats

Citations0
Published2024
Admission routes2
Has abstractyes

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