Analiza porównawcza wybranych filtrów w analizie synchronizacji cyklu koniunkturalnego
Comparative analysis of chosen filters in business cycles analysis

Summary/Abstract: The purpose of this paper is the presentation of methodology and analysis of ef-fectiveness of chosen filters which are used in business cycles time series decomposition. The analysis concerns the influence of chosen filters on a valuation of business cycles syn-chronization in European countries. Following filters are compared: Hodrick-Prescott, But-terworth, Christiano-Fitzgerald and Baxter-King. The decomposition of growth rate of GDP time series for 1995-2012 is made for various frequencies. This ensures the comparison of usefulness of low- and high-pass filters. For the validation of business cycles synchroniza-tion the cross-spectral analysis is used.

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