Brand, Thomas; Dufrénot, Gilles; Mayerowitz, Antoine - In: Recent econometric techniques for macroeconomic and …, (pp. 61-77). 2021
This paper proposes new estimates of potential growth for 5 major industrialized countries. We use a state-space approach to obtain joint estimates of potential growth and the natural interest rates. The model is a reduced-form of a partial equilibrium model with a Phillips curve and an IS...