Research Discussion Papers, Bank of Finland
No 1/2005:
An intuitive guide to wavelets for economists
Patrick Crowley ()
Abstract: Wavelet analysis, although used extensively in disciplines
such as signal processing, engineering, medical sciences, physics and
astronomy, has not yet fully entered the economics discipline. In this
discussion paper, wavelet analysis is introduced in an intuitive manner,
and the existing economics and finance literature that utilises wavelets is
explored. Extensive examples of exploratory wavelet analysis are given,
many using Canadian, US and Finnish industrial production data. Finally,
potential future applications for wavelet analysis in economics are also
discussed and explored.
Keywords: statistical methodology; multiresolution analysis; wavelets; business cycles; economic growth; (follow links to similar papers)
JEL-Codes: C19; C65; C87; E32; (follow links to similar papers)
71 pages, January 1, 2005
Revised version published in Journal of Economic Surveys, 2007.
Before downloading any of the electronic versions below
you should read our statement on
copyright.
Download GhostScript
for viewing Postscript files and the
Acrobat Reader for viewing and printing pdf files.
Full text versions of the paper:
0501netti.pdf 
Download Statistics
- This paper is published as:
-
Crowley, Patrick, (2007), 'An intuitive guide to wavelets for economists', Journal of Economic Surveys, Vol. 21, No. 2, pages 207-267
Crowley, Patrick, (2007), An intuitive guide to wavelets for economists, Vol. 21, 2 edn., pp207-267, Journal of Economic Surveys.
Questions (including download problems) about the papers in this series should be directed to Minna Nyman ()
Report other problems with accessing this service to Sune Karlsson ()
or Helena Lundin ().
Programing by
Design by Joachim Ekebom
