Estimating Turning Points Using Large Data Sets
---- Acknowledgements -----
This research was funded in part by NSF grant SBR-0617811. We thank Marcelle Chauvet and Massimilliano Marcellino for helpful comments, and Carolin Pflueger and Vania Stravrakeva for research assistance. Data and replication files for this paper can be found at http://www.princeton.edu/mwatson. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.