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The Output Gap Between Canada And The United States
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Book Synopsis The Output Gap Between Canada and the United States by : John R. Baldwin
Download or read book The Output Gap Between Canada and the United States written by John R. Baldwin and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Comparisons of Canada's economy to that of the United States are done for several purposes. On the one hand, analysts are interested in whether there is an output gap between the two countries -- whether Canada is as well off as the United States in terms of the quantities of goods and services that are produced, taking into account the relative size of the two countries. On the other hand, analysts ask whether there is a productivity gap -- whether Canada is equally efficient in transforming the resources used in the production process into goods and services. Determining the answers to both these questions is complex because of the size and diversity of the two economies. The Canadian and U.S. economies produce a variety of goods and services and intercountry comparisons require the creation of a single (or a small) number of summary statistics that encapsulate differences between the two countries. In this paper, we use two separate but related measures to investigate the size of the output and productivity gaps between the two countries over the period from 1994 to 2002 and ask how they are related. We do so in order not only to describe the differences between Canada and the United States but also to ask whether the two measures provide the same story. We show that they do not and explain why.
Book Synopsis The Output Gap Between Canada and the United States [electronic Resource] : the Role of Productivity, 1994-2002 by : John Russel Baldwin
Download or read book The Output Gap Between Canada and the United States [electronic Resource] : the Role of Productivity, 1994-2002 written by John Russel Baldwin and published by Statistics Canada. This book was released on 2005 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper uses two separate but related measures to investigate the size of the output & productivity gaps between the United States and Canada over 1994-2002 and to ask how these gaps are related. It first explains the two measures, gross domestic product (GDP) per capita and GDP per hour worked (better known as labour productivity). in examining the total economy of both countries, both the business and the government & non-profit sectors are combined to obtain measures of the GDP. Differences in level of GDP per capita and differences in labour productivity are discussed. The paper also estimates the percentage of the difference in GDP per capita that arises from differences in productivity.
Book Synopsis A New Methodology for Estimating the Output Gap in the United States by : Ali Alichi
Download or read book A New Methodology for Estimating the Output Gap in the United States written by Ali Alichi and published by International Monetary Fund. This book was released on 2015-06-30 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The gap between potential and actual output—the output gap—is a key variable for policymaking. This paper adapts the methodology developed in Blagrave and others (2015) to estimate the path of output gap in the U.S. economy. The results show that the output gap has considerably shrunk since the Great Recession, but still remains negative. While the results are more robust than other existing methodologies, there is still significant uncertainty surrounding the estimates.
Book Synopsis A Simple Multivariate Filter for Estimating Potential Output by : Patrick Blagrave
Download or read book A Simple Multivariate Filter for Estimating Potential Output written by Patrick Blagrave and published by International Monetary Fund. This book was released on 2015-04-07 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estimates of potential output are an important ingredient of structured forecasting and policy analysis. Using information on consensus forecasts, this paper extends the multivariate filter developed by Benes and others (2010). Although the estimates in real time are more robust relative to those of naïve statistical filters, there is still significant uncertainty surrounding the estimates. The paper presents estimates for 16 countries and provides an example of how the filtered estimates at the end of the sample period can be improved with additional information.
Book Synopsis Estimates of Canada's Potential GDP and Output Gap by : Russell A. Barnett
Download or read book Estimates of Canada's Potential GDP and Output Gap written by Russell A. Barnett and published by . This book was released on 2010 with total page 10 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Measuring Output Gap: Is It Worth Your Time? by : Mr.Jiaqian Chen
Download or read book Measuring Output Gap: Is It Worth Your Time? written by Mr.Jiaqian Chen and published by International Monetary Fund. This book was released on 2020-02-07 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: We apply a range of models to the U.K. data to obtain estimates of the output gap. A structural VAR with an appropriate identification strategy provides improved estimates of output gap with better real time properties and lower sensitivity to temporary shocks than the usual filtering techniques. It also produces smaller out-of-sample forecast errors for inflation. At the same time, however, our results suggest caution in basing policy decisions on output gap estimates.
Book Synopsis Estimates of Potential Output and the Neutral Rate for the U.S. Economy by : Ali Alichi
Download or read book Estimates of Potential Output and the Neutral Rate for the U.S. Economy written by Ali Alichi and published by International Monetary Fund. This book was released on 2018-07-06 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estimates of potential output and the neutral short-term interest rate play important roles in policy making. However, such estimates are associated with significant uncertainty and subject to significant revisions. This paper extends the structural multivariate filter methodology by adding a monetary policy block, which allows estimating the neutral rate of interest for the U.S. economy. The addition of the monetary policy block further improves the reliability of the structural multivariate filter.
Book Synopsis Measurement of Output, Value Added, GDP in Canada and the United States by : Organization for Economic Cooperation and Development
Download or read book Measurement of Output, Value Added, GDP in Canada and the United States written by Organization for Economic Cooperation and Development and published by . This book was released on 2003 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis דעיכת יבולי מלפוננים במונוקולטורה- הגורמים לה ושיטות לביטולה by : George Arraf
Download or read book דעיכת יבולי מלפוננים במונוקולטורה- הגורמים לה ושיטות לביטולה written by George Arraf and published by . This book was released on 1996 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Resource and Output Trends in the United States Since 1870 by : Moses Abramovitz
Download or read book Resource and Output Trends in the United States Since 1870 written by Moses Abramovitz and published by . This book was released on 1956 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Measurement of Output, Value Added, GDP in Canada and the United States by : Organization for Economic Cooperation and Development
Download or read book Measurement of Output, Value Added, GDP in Canada and the United States written by Organization for Economic Cooperation and Development and published by . This book was released on 2003 with total page 77 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Okun's Law, Development, and Demographics: Differences in the Cyclical Sensitivities of Unemployment Across Economy and Worker Groups by : Zidong An
Download or read book Okun's Law, Development, and Demographics: Differences in the Cyclical Sensitivities of Unemployment Across Economy and Worker Groups written by Zidong An and published by International Monetary Fund. This book was released on 2021-11-12 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt: The negative and stable relationship between an economy’s aggregate demand conditions and overall unemployment is well-documented. We show that there is a large degree of heterogeneity in the cyclical sensitivities of unemployment across worker and economy groups. First, unemployment is more than twice as sensitive to aggregate demand in advanced as in emerging market and developing economies. Second, youth’s unemployment is twice as sensitive as that of adults’. Third, women’s unemployment is significantly less sensitive to demand than men’s in advanced economies. These findings point to the highly unequal impacts of the business cycle across worker and economy groups.
Download or read book MUSE written by Bank of Canada and published by . This book was released on 2005 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt: "The analysis and forecasting of developments in the U.S. economy have always played a critical role in the formulation of Canadian economic and financial policy. Thus, the Bank places considerable importance on generating internal forecasts of U.S. economic activity as an input to the Canadian projection. Over the past year, Bank staff have been using a new macroeconometric model, MUSE (Model of the U.S. Economy). The model is a system of estimated equations that describe, in a stock-flow framework, the interactions among the principal macroeconomic variables, such as gross domestic product (GDP), inflation, interest rates, and the exchange rate. The stock-flow equilibrium is fully described in MUSE. In steady state, the model defines specific values for all stocks, including capital stock, government debt, financial wealth, and net foreign assets."--Pub. website
Author :Trevor Serge Coleridge Alleyne Publisher :Washington, D.C. : International Monetary Fund ISBN 13 : Total Pages :182 pages Book Rating :4.F/5 ( download)
Book Synopsis Canada by : Trevor Serge Coleridge Alleyne
Download or read book Canada written by Trevor Serge Coleridge Alleyne and published by Washington, D.C. : International Monetary Fund. This book was released on 1995-06-08 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines economic developments and policies in Canada during 1990–95. Spurred by the robust growth in the United States and the easing of monetary conditions between 1991 and 1993, economic growth in Canada continued to strengthen during 1994. Real GDP grew by 4.5 percent in 1994 after growing by 2.2 percent in 1993 and 0.6 percent in 1992. Economic growth in 1994 was led by exports and investment in machinery and equipment. However, growth was more broadly based in 1994; private consumption strengthened, and there was a rebound in residential and nonresidential construction.
Book Synopsis Can the Business Outlook Survey Help Improve Estimates of the Canadian Output Gap? by : Calista Cheung
Download or read book Can the Business Outlook Survey Help Improve Estimates of the Canadian Output Gap? written by Calista Cheung and published by . This book was released on 2020 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :Jean-Philippe Cayen Publisher :Frankfurt am Main : Deutsche Bundesbank ISBN 13 :9783865580184 Total Pages :56 pages Book Rating :4.5/5 (81 download)
Book Synopsis The Reliability of Canadian Output Gap Estimates by : Jean-Philippe Cayen
Download or read book The Reliability of Canadian Output Gap Estimates written by Jean-Philippe Cayen and published by Frankfurt am Main : Deutsche Bundesbank. This book was released on 2004 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis A New Methodology for Estimating the Output Gap in the United States by : Ali Alichi
Download or read book A New Methodology for Estimating the Output Gap in the United States written by Ali Alichi and published by International Monetary Fund. This book was released on 2015-06-30 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The gap between potential and actual output—the output gap—is a key variable for policymaking. This paper adapts the methodology developed in Blagrave and others (2015) to estimate the path of output gap in the U.S. economy. The results show that the output gap has considerably shrunk since the Great Recession, but still remains negative. While the results are more robust than other existing methodologies, there is still significant uncertainty surrounding the estimates.
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