@ARTICLE{Ganev_Kaloyan_Real-Time_2020,
 author={Ganev, Kaloyan},
 number={No 3},
 journal={Central European Journal of Economic Modelling and Econometrics},
 pages={251-272},
 howpublished={online},
 year={2020},
 publisher={Oddział PAN w Łodzi},
 abstract={The paper makes a comparison of the results of the application of two-sided and one-sided versions of the Hodrick-Prescott filter on GDP data concerning 27 EU Member States. Based on the results, the overall finding is that, contrary to its assumed advantages, the one-sided filter does not help overcome endpoint unbiasedness. Quite the opposite, it rather spreads and consolidates the endpoint bias that plagues the two-sided version over the entire filtered data. In addition, regression-based results on the influence of the second, third, and fourth moments of the GDP acceleration rates on the differences between onesided and two-sided HP trends are presented.},
 type={Artykuły / Articles},
 title={Real-Time vs. Full-Sample Performance of One-Sided and Two-Sided HP Filters. An Application to 27 EU Member States' GDP Data},
 URL={http://czasopisma.pan.pl/Content/117778/mainFile.pdf},
 doi={10.24425/cejeme.2020.134748},
 keywords={One-sided and two-sided Hodrick-Prescott filters, endpoint bias},
}