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Estimating Potential Output and the Output Gap in Slovakia
Konuki, Tetsuya - International Monetary Fund (IMF) - 2008
statistical method and a production function approach; and a multivariate (MV) Kalman filter method. The MV Kalman filter method …
Persistent link: https://www.econbiz.de/10005826202
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A Multi-Industry Model of Growth with Financing Constraints
Ilyina, Anna; Samaniego, Roberto M. - International Monetary Fund (IMF) - 2009
This paper develops a multi-industry growth model in which firms require external funds to conduct productivity-enhancing R&D. The cost of research is industry-specific. The tightness of financing constraints depends on the level of financial development and on industry characteristics. Over...
Persistent link: https://www.econbiz.de/10008528634
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Remittances; An Automatic Output Stabilizer?
Hakura, Dalia; Chami, Ralph; Montiel, Peter - International Monetary Fund (IMF) - 2009
Remittance flows appear to be falling worldwide for the first time in decades as a result of the ongoing financial turmoil. It is suspected that the drop in remittance income into developing and emerging markets will have a destabilizing effect on these economies. The paper estimates the impact...
Persistent link: https://www.econbiz.de/10004999978
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Gdp Growth, Potential Output, and Output Gaps in Mexico
Faal, Ebrima - International Monetary Fund (IMF) - 2005
This paper analyzes the sources of Mexico's economic growth since the 1960s and compares various decompositions of historical growth into its trend and cyclical components. The role of the implied output gaps in the inflationary process is then assessed. Looking ahead, the paper presents...
Persistent link: https://www.econbiz.de/10005604901
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Relating the Knowledge Production Function to total Factor Productivity; An Endogenous Growth Puzzle
Joutz, Frederick L.; Abdih, Yasser - International Monetary Fund (IMF) - 2005
The knowledge production function is central to R&D-based growth models. This paper empirically investigates the … knowledge production function and intertemporal spillover effects using cointegration techniques. Time-series evidence suggests … there are two long-run cointegrating relationships. The first captures a long-run knowledge production function; the second …
Persistent link: https://www.econbiz.de/10005605296
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What Is in Your Output Gap? Unified Framework & Decomposition into Observables
Andrle, Michal - International Monetary Fund (IMF) - 2013
This paper discusses several popular methods to estimate the ‘output gap’. It provides a unified, natural concept for the analysis, and demonstrates how to decompose the output gap into contributions of observed data on output, inflation, unemployment, and other variables. A simple bar-chart...
Persistent link: https://www.econbiz.de/10010790260
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Potential Output and Output Gap in Central America, Panama and Dominican Republic
Johnson, Christian A - International Monetary Fund (IMF) - 2013
unfortunately it is an unobservable variable. Using three methodologies (production function, switching, and state-space), this …
Persistent link: https://www.econbiz.de/10010790335
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Output and Unemployment Dynamics During the Great Recession; A Panel Unobserved Components Analysis
Vitek, Francis - International Monetary Fund (IMF) - 2010
This paper analyzes the sources of output and unemployment dynamics in the world economy during the Great Recession. This analysis is based on a panel unobserved components model of the world economy, disaggregated into its fifteen largest national economies. We find that excess supply pressure...
Persistent link: https://www.econbiz.de/10008646428
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Estimates of the Output Gap in Armenia with Applications to Monetary and Fiscal Policy
International Monetary Fund (IMF); International … - 2010
This paper employs several econometric techniques to estimate the Armenian output gap. The findings indicate that the output gap is significantly positive in 2007 and 2008 and decreased dramatically in 2009. The paper uses these results to estimate a New Keynesian Phillips curve for Armenia,...
Persistent link: https://www.econbiz.de/10008671293
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Mongolia; Measuring the Output Gap
Bersch, Julia; Sinclair, Tara M. - International Monetary Fund (IMF) - 2011
This paper compares the output gap estimates for Mongolia based on a number of different methods. Special attention is paid to the substantial role of mining in the Mongolian economy. We find that a Blanchard and Quah-type joint model of output and inflation provides a more robust estimate of...
Persistent link: https://www.econbiz.de/10009019568