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Utilization-Adjusted Output Gap : Is the Russian Economy Overheating?
Oomes, Nienke - 2006
Intro -- Contents -- I. INTRODUCTION -- II. THE NONACCELERATING INFLATION RATE OF FACTOR UTILIZATION -- III. FACTOR …
Persistent link: https://www.econbiz.de/10012691060
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What Is in Your Output Gap? Unified Framework & Decomposition into Observables
Andrle, Michal - International Monetary Fund (IMF) - 2013
the analysis, and demonstrates how to decompose the output gap into contributions of observed data on output, inflation …
Persistent link: https://www.econbiz.de/10010790260
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Output Gap Uncertainty and Real-Time Monetary Policy
Grigoli, Francesco; Herman, Alexander; Swiston, Andrew; … - International Monetary Fund (IMF) - 2015
Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in … recessions, and that uncertainty in initial output gap estimates persists several years. Only a small share of output gap … show that for a group of Latin American inflation targeters the prescriptions from typical monetary policy rules are …
Persistent link: https://www.econbiz.de/10011163120
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Output Gap in Presence of Financial Frictions and Monetary Policy Trade-offs
Furlanetto, Francesco; Gelain, Paolo; Sanjani, Marzie Taheri - International Monetary Fund (IMF) - 2014
The recent global financial crisis illustrates that financial frictions are a significant source of volatility in the economy. This paper investigates monetary policy stabilization in an environment where financial frictions are a relevant source of macroeconomic fluctuation. We derive a measure...
Persistent link: https://www.econbiz.de/10010800969
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Estimating Potential Growth in the Middle East and Central Asia
Mitra, Pritha; Hosny, Amr; Abajyan, Gohar; Fischer, Mark - International Monetary Fund (IMF) - 2015
The Middle East and Central Asia’s economic growth potential is slowing faster than in other emerging and developing regions, dampening hopes for reducing persistent unemployment and improving the region’s generally low living standards. Why? And is it possible to alter this...
Persistent link: https://www.econbiz.de/10011242348
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Estimating Sri Lanka’s Potential Output
Ding, Ding; Nelmes, John; Perera, Roshan; Tulin, Volodymyr - International Monetary Fund (IMF) - 2014
data series including inflation, actual output, unemployment and capacity utilization. The estimation results suggest that …
Persistent link: https://www.econbiz.de/10011142089
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Assessing the Impact of Structural Reforms on Potential Output: The Case of Morocco
Balima, Hippolyte - 2023
This paper assesses Morocco's potential output and the scope for structural reforms to reverse the downward trend in economic performance observed since the Global Financial Crisis. Using multivariate filtering (MVF) techniques, our analysis finds that the downward secular trend in potential...
Persistent link: https://www.econbiz.de/10015058981
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Unleashing India's Growth Potential
Kotera, Shinya - 2023
This paper analyzes the drivers of India's growth in the past five decades and considers baseline and upside scenarios of India's medium-term potential growth. Using a production function approach, the paper assesses the impact of the pandemic on the key factors of production and therefore its...
Persistent link: https://www.econbiz.de/10015059507
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Potential Output and Output Gap in Central America, Panama and Dominican Republic
Johnson, Christian - 2013
Potential Output is a key factor for debt sustaintability analysis and for developing strategies for growth, but unfortunately it is an unobservable variable. Using three methodologies (production function, switching, and state-space), this paper computes potential output for CAPDR countries...
Persistent link: https://www.econbiz.de/10014409428
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Does Inflation Slow Long-Run Growth in India?
Mohaddes, Kamiar; Raissi, Mehdi - International Monetary Fund (IMF) - 2014
This paper examines the long-run relationship between consumer price index industrial workers (CPI-IW) inflation and …, there is a negative long-run relationship between inflation and economic growth in India. We also find statistically …-significant inflation-growth threshold effects in the case of states with persistently-elevated inflation rates of above 5.5 percent. This …
Persistent link: https://www.econbiz.de/10011142122