Estimating Potential Output and the Output Gap in Slovakia

WPIEA2008275 Image
Price:  $18.00

Author/Editor: Tetsuya Konuki
Release Date: © December, 2008
ISBN : 978-1-45187-133-3
Stock #: WPIEA2008275
Stock Status: On back-order

Languages and formats available



This paper estimates potential output and the output gap for Slovakia which enjoyed rapid growth with few signs of economic overheating in recent years. It applies two broad sets of approaches: conventional methods, represented by a statistical method and a production function approach; and a multivariate (MV) Kalman filter method. The MV Kalman filter method produces estimates of excess demand that portray much more sensibly the situation in recent years in Slovakia than the conventional methods, because it can use more information to condition the paths of potential output.

More publications in this series: Working Papers

More publications by: Tetsuya Konuki