摘要
Industrial production series are volatile and often cyclical. Time series models can be used toestablish certain stylized facts, such as trends and cycles, which may be present in these series. Incertain situations, it is also possible that common factors, which may have an interesting interpretation,can be detected in production series. Series from two neighboring countries with close economicrelationships, such as Germany and Austria, are especially likely to exhibit such joint stylized facts.
Industrial production series are volatile and often cyclical. Time series models can be used to establish certain stylized facts, such as trends and cycles, which may be present in these series. In certain situations, it is also possible that common factors, which may have an interesting interpretation, can be detected in production series. Series from two neighboring countries with close economic relationships, such as Germany and Austria, are especially likely to exhibit such joint stylized facts.
