An Algorithm for the Continuous Morlet Wavelet Transform

This article consists of a brief discussion of the energy density over time or frequency that is obtained with the wavelet transform. Also an efficient algorithm is suggested to calculate the continuous transform with the Morlet wavelet. The energy values of the Wavelet transform are compared with the power spectrum of the Fourier transform. Useful definitions for power spectra are given. The focus of the work is on simple measures to evaluate the transform with the Morlet wavelet in an efficient way. The use of the transform and the defined values is shown in some examples.Comment: 15 pages, 4 figures, revised for MSS

Continuous wavelet transform on local fields

The main objective of this paper is to define the mother wavelet on local fields and study the continuous wavelet transform (CWT) and some of their basic properties. its inversion formula, the Parseval relation and associated convolution are also studied

The Continuous Wavelet Transform: A Primer

Wavelet analysis is becoming more popular in the Economics discipline. Until recently, most works have made use of tools associated with the Discrete Wavelet Transform. However, after 2005, there has been a growing body of work in Economics and Finance that makes use of the Continuous Wavelet Transform tools. In this article, we give a self-contained summary on the most relevant theoretical results associated with the Continuous Wavelet Transform, the Cross-Wavelet Transform, the Wavelet Coherency and the Wavelet Phase-Difference. We describe how the transforms are usually implemented in practice and provide some examples. We also introduce the Economists to a new class of analytic wavelets, the Generalized Morse Wavelets, which have some desirable properties and provide an alternative to the Morlet Wavelet. Finally, we provide a user friendly toolbox which will allow any researcher to replicate our results and to use it in his/her own research.Economic cycles; ContinuousWavelet Transform, Cross-Wavelet Transform, Wavelet Coherency, Wavelet Phase-Difference; The Great Moderation.