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sectorgap  

Consistent Economic Trend Cycle Decomposition
View on CRAN: Click here


Download and install sectorgap package within the R console
Install from CRAN:
install.packages("sectorgap")

Install from Github:
library("remotes")
install_github("cran/sectorgap")

Install by package version:
library("remotes")
install_version("sectorgap", "0.1.0")



Attach the package and use:
library("sectorgap")
Maintained by
Sina Streicher
[Scholar Profile | Author Map]
All associated links for this package
First Published: 2024-01-22
Latest Update: 2024-01-22
Description:
Determining potential output and the output gap - two inherently unobservable variables - is a major challenge for macroeconomists. 'sectorgap' features a flexible modeling and estimation framework for a multivariate Bayesian state space model identifying economic output fluctuations consistent with subsectors of the economy. The proposed model is able to capture various correlations between output and a set of aggregate as well as subsector indicators. Estimation of the latent states and parameters is achieved using a simple Gibbs sampling procedure and various plotting options facilitate the assessment of the results. For details on the methodology and an illustrative example, see Streicher (2024) .
How to cite:
Sina Streicher (2024). sectorgap: Consistent Economic Trend Cycle Decomposition. R package version 0.1.0, https://cran.r-project.org/web/packages/sectorgap. Accessed 28 Oct. 2026.
Previous versions and publish date:
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