Using harmonic analysis, the paper identifies types of business cycle in the Czech Republic 1996/Q1 – 2008/Q3 from the periodicity point of view. In order to obtain a cyclical fluctuation, an empirical investigation of de-trending techniques for the Czech Republic case in the process of business cycle modeling is done. With respect to empirical results, two approaches to business cycle are discussed, the classical and growth types. The first order difference, linear filtering, unobserved component model and Hodrick-Prescott filter are used as de-trending techniques. In the case of Hodrick-Prescott filter, a cyclical fluctuation estimate with the derivation of the smoothing parameter designed specially for the Czech Republic case is investigated. The aim is, on the basis of empirical analysis, to distinguish types of cyclical fluctuations in the Czech Republic.

1. POSTER: Identification of periodicity type in the Czech Republic growth business cycle, Microsoft Office Document, 0.2MB
2. FULLTEXT: Identification of periodicity type in the Czech Republic growth business cycle, Microsoft Office Document, 0.2MB

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1. Growth business cycle of the Czech Republic – empirical investigation of de-trending techniques
2. Analysis of economic activity movements in the Czech Republic – frequency approach