The New Palgrave Dictionary of Economics

2018 Edition
| Editors: Macmillan Publishers Ltd

Leads and Lags

  • Olivier Jean Blanchard
Reference work entry


The notion that an economic variable leads or lags another variable is an intuitive and simple notion. Nevertheless, it has proven difficult to go from this intuitive notion to a precise, empirically testable, definition.

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  1. Burns, A.F., and W.G. Mitchell. 1946. Measuring business cycles. New York: Columbia University Press.Google Scholar

Copyright information

© Macmillan Publishers Ltd. 2018

Authors and Affiliations

  • Olivier Jean Blanchard
    • 1
  1. 1.