Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Download Estimating Potential Output For The Us Economy In A Model Framework full books in PDF, epub, and Kindle. Read online Estimating Potential Output For The Us Economy In A Model Framework ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Author : Albert J. Eckstein
Publisher :
ISBN 13 :
Total Pages : 44 pages
Book Rating : 4.:/5 (31 download)
Download or read book Estimating Potential Output for the U.S. Economy in a Model Framework written by Albert J. Eckstein and published by . This book was released on 1976 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Albert J. Eckstein
Publisher :
ISBN 13 :
Total Pages : 28 pages
Book Rating : 4.:/5 (255 download)
Download or read book Estimating Potential Output for the U.S. Economy in a Model Framework written by Albert J. Eckstein and published by . This book was released on 1976 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Albert J. Eckstein
Publisher :
ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (255 download)
Download or read book Estimating Potential Output for the U.S. Economy in a Model Framework written by Albert J. Eckstein and published by . This book was released on 1976 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Albert J. Eckstein
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (136 download)
Download or read book Estimating Potential Output for the U.S. Economy in a Model Framework written by Albert J. Eckstein and published by . This book was released on 1976 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: USA. Report presenting the results of initial research in developing an econometric model for estimated productivity and development potential, with emphasis on labour supply and production functions - includes references and statistical tables.
Author : Ali Alichi
Publisher : International Monetary Fund
ISBN 13 : 1513507567
Total Pages : 17 pages
Book Rating : 4.5/5 (135 download)
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.
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1455210927
Total Pages : 39 pages
Book Rating : 4.4/5 (552 download)
Download or read book Estimating Potential Output with a Multivariate Filter written by International Monetary Fund and published by International Monetary Fund. This book was released on 2010-12-01 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper develops a simple model for measuring potential output that uses data on inflation, unemployment, and capacity utilization. We apply the model to 10 countries, in addition to the United States and the euro area. While there is a substantial amount of uncertainty around our estimates, we find that the financial crisis has resulted in a reduction in potential output.
Author : Mr.Helge Berger
Publisher : International Monetary Fund
ISBN 13 : 1513503278
Total Pages : 33 pages
Book Rating : 4.5/5 (135 download)
Download or read book Steady as She Goes—Estimating Potential Output During Financial “Booms and Busts” written by Mr.Helge Berger and published by International Monetary Fund. This book was released on 2015-11-09 with total page 33 pages. Available in PDF, EPUB and Kindle. Book excerpt: Potential output—in the sense of the GDP level or path an economy can sustain over the medium term—is a crucial benchmark for policymakers. However, it is difficult to estimate when financial “booms and busts” are driving the real economy. This paper uses a simple multivariate filtering approach to illustrate the role financial variables play in driving potential or sustainable output. The results suggest that it moves more steadily during financial “boom and bust” periods than implied by conventional HP filter estimates, which tend to more closely follow actual GDP. A two-region, multisector New Keynesian DSGE model with financial frictions sheds light on the economic forces that could be behind the results obtained from the filter. This has important implications for policymakers.
Author : Ali Alichi
Publisher : International Monetary Fund
ISBN 13 : 1475598386
Total Pages : 25 pages
Book Rating : 4.4/5 (755 download)
Download or read book Multivariate Filter Estimation of Potential Output for the United States written by Ali Alichi and published by International Monetary Fund. This book was released on 2017-05-04 with total page 25 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estimates of potential output are an important component of a structured forecasting and policy analysis system. Using information on capacity utilization, this paper extends the multivariate filter developed by Laxton and Tetlow (1992) and modified by Benes and others (2010), Blagrave and others (2015), and Alichi and others (2015). We show that, although still fairly uncertain, the real-time estimates from this approach are more accurate than estimates constructed from naïve univariate statistical filters. The paper presents illustrative estimates for the United States and discusses how the end-of-sample estimates can be improved with additional information.
Author : United States. Congress. Joint Economic Committee
Publisher :
ISBN 13 :
Total Pages : 49 pages
Book Rating : 4.:/5 (612 download)
Download or read book Achieving the Goals of the Employment Act of 1946 - Thirtieth Anniversary Review - V.1 - Employment - Paper No.4 - Estimating Potential Output for the U.S. Economy in a Model Framework - a Study, 94th Congress, 2nd written by United States. Congress. Joint Economic Committee and published by . This book was released on 1976 with total page 49 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Sebastian Hauptmeier
Publisher : Springer Science & Business Media
ISBN 13 : 3790821764
Total Pages : 201 pages
Book Rating : 4.7/5 (98 download)
Download or read book Projecting Potential Output written by Sebastian Hauptmeier and published by Springer Science & Business Media. This book was released on 2009-03-20 with total page 201 pages. Available in PDF, EPUB and Kindle. Book excerpt: In spite of the widespread use of the concept of potential output in economic theory and empirical applications as well as in economic policy debates, the historical background and the assumptions inherent to this concept are rarely made transparent, let alone critically questioned. Against this background this book sets out to determine the extent to which the concept of potential output rests on clearly defined theoretical foundations and how far prevailing empirical quantification methods really provide reliable insights into potential output growth of an economy. In addition, the authors examine alternative methods for a forward-looking assessment of potential output growth.
Author : Valerie Cerra
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 40 pages
Book Rating : 4.:/5 (318 download)
Download or read book Alternative Methods of Estimating Potential Output and the Output Gap written by Valerie Cerra and published by International Monetary Fund. This book was released on 2000-03 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper reviews a number of different methods that can be used to estimate potential output and the output gap. Measures of potential output and the output gap are useful to help identify the scope for sustainable noninflationary growth and to allow an assessment of the stance of macroeconomic policies. The paper then compares results from some of these methods to the case of Sweden, showing the range of estimates.
Author : Ali Alichi
Publisher : International Monetary Fund
ISBN 13 : 1484398068
Total Pages : 35 pages
Book Rating : 4.4/5 (843 download)
Download or read book Multivariate Filter Estimation of Potential Output for the United States: An Extension with Labor Market Hysteresis written by Ali Alichi and published by International Monetary Fund. This book was released on 2019-02-19 with total page 35 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper extends the multivariate filter approach of estimating potential output developed by Alichi and others (2018) to incorporate labor market hysteresis. This extension captures the idea that long and deep recessions (expansions) cause persistent damage (improvement) to the labor market, thereby reducing (increasing) potential output. Applying the model to U.S. data results in significantly smaller estimates of output gaps, and higher estimates of the NAIRU, after the global financial crisis, compared to estimates without hysteresis. The smaller output gaps partly explain the absence of persistent deflation despite the slow recovery during 2010-2017. Going forward, if strong growth performance continues well beyond 2018, hysteresis is expected to result in a structural improvement in growth and employment.
Author : Anton Cheremukhin
Publisher :
ISBN 13 :
Total Pages : 26 pages
Book Rating : 4.3/5 (121 download)
Download or read book Estimating the Output Gap in Real Time written by Anton Cheremukhin and published by . This book was released on 2013 with total page 26 pages. Available in PDF, EPUB and Kindle. Book excerpt: I propose a novel method of estimating the potential level of U.S. GDP in real time. The proposed wage-based measure of economic potential remains virtually unchanged when new data are released. The distance between current and potential output--the output gap--satisfies Okun's law and outperforms many other measures of slack in forecasting inflation. Thus, I provide a robust statistical tool useful for understanding current economic conditions and guiding policymaking.
Author : Mr.Jiaqian Chen
Publisher : International Monetary Fund
ISBN 13 : 151352786X
Total Pages : 28 pages
Book Rating : 4.5/5 (135 download)
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.
Author : Richard E. Gift
Publisher :
ISBN 13 :
Total Pages : 80 pages
Book Rating : 4.3/5 (91 download)
Download or read book Estimating Economic Capacity written by Richard E. Gift and published by . This book was released on 1968 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 : 1451952171
Total Pages : 65 pages
Book Rating : 4.4/5 (519 download)
Download or read book A Systems Approach to Estimating the Natural Rate of Unemployment and Potential Output for the United States written by International Monetary Fund and published by International Monetary Fund. This book was released on 1989-10-26 with total page 65 pages. Available in PDF, EPUB and Kindle. Book excerpt: The methodology used in this paper has three distinguishing features: the natural rate of unemployment and potential output are jointly estimated; estimation integrates wage and price data with “real” and structural data; and third, the methodology encompasses many of the methods found in the literature. The results indicate that potential output growth has recovered somewhat during the early 1980s, but remains below the rapid rates of increase in the late 1960s. The natural rate, after rising during the late 1960s and the 1970s, is found to have declined in the 1980s. The paper concludes with an assessment of medium-term prospects for potential output and-the natural rate.
Author : Claude Giorno
Publisher :
ISBN 13 :
Total Pages : 62 pages
Book Rating : 4.:/5 (321 download)
Download or read book Estimating Potential Output, Output Gaps and Structural Budget Balances written by Claude Giorno and published by . This book was released on 1995 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt:
