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Calculation of flows and disaggregation of accumulated values

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  • Gudmundur Gudmundsson

Abstract

Some important economic flow variables, notably consumption and investment, have only been observed annually in Iceland. We have developed methods to estimate the flow by spline functions or Fourier series. Aggregated values over shorter intervals can be obtained by integration of the flows. A method to obtain quarterly values from annual observations by estimating a quarterly time series model from the observed values is also presented. The source code of Fortran programs and examples of input files are included. Access to the NAG subroutines is necessary to use the programs directly.

Suggested Citation

  • Gudmundur Gudmundsson, 2001. "Calculation of flows and disaggregation of accumulated values," Economics wp13_gudmundur, Department of Economics, Central bank of Iceland.
    • Handle: RePEc:ice:wpaper:wp13_gudmundur
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    1. Chow, Gregory C & Lin, An-loh, 1971. "Best Linear Unbiased Interpolation, Distribution, and Extrapolation of Time Series by Related Series," The Review of Economics and Statistics, MIT Press, vol. 53(4), pages 372-375, November.
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