Estimating Potential Output with a Multivariate Filter

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Price:  $18.00

Release Date: © December, 2010
ISBN : 978-1-45521-092-3
Stock #: WPIEA2010285
English
Stock Status: On back-order

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Description

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.

Taxonomy

Economic policy , Financial crisis , Fiscal policy , Inflation , International financial system , Monetary policy




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