NO. 499 JULY 2005 - European Central Bank.pdf

WORKING PAPER SERIES NO. 499 / JULY 2005 A TREND-CYCLE(-SEASON) FILTER by Matthias Mohr W ORKING PAPER SERIES NO. 499 / JULY 2005 A TREND-CYCLE(-SEASON) FILTER 1 by Matthias Mohr 2 In 2005 all ECB publications This paper can be downloaded without charge from will feature a motif taken or from the Social Science Research Network from the € 50 banknote. electronic library at /abstract_id=726694. 1 I want to thank Andrew C. Harvey, Karl-Heinz Tödter, Jean-Pierre Vidal and an anonymous referee for helpful comments. The views expressed in this paper do not necessarily reflect those of the European Central Bank. 2 European Central Bank, Kaiserstraße 29, D-60311 Frankfurt am Main, Germany; e-mail: matthias.mohr@ © European Central Bank, 2005 Address Kaiserstrasse 29 60311 Frankfurt am Main, Germany Postal address Postfach 16 03 19 60066 Frankfurt am Main, Germany Telephone +49 69 1344 0 Internet Fax +49 69 1344 6000 Telex 411 144 ecb d All rights reserved. Reproduction for educational and non- commercial purposes is permitted provided that the source is acknowledged. The views expressed in this paper do not necessarily reflect those of the European Central Bank. The statement of purpose for the ECB Working Paper Series is available from the ECB website, . ISSN 1561-0810 (print) ISSN 1725-2806 (online) C O N T E N T