Showing 1 - 10 of 11,627
Persistent link: https://www.econbiz.de/10013170985
Persistent link: https://www.econbiz.de/10012135401
This paper extends the multivariate filter approach for estimating potential output and NAIRU developed for Türkiye by integrating the capacity utilization block into the model. The model gives more negative estimates of the output gap and smaller estimates of NAIRU in recession periods...
Persistent link: https://www.econbiz.de/10014574478
Taking into consideration the specifics of the Russian economy such as dependency on oil and gas drilling & production, and including the current context of the Western sanctions, COVID-19 pandemic, as well as somewhat idiosyncratic potential output development, the main aim of this paper is to...
Persistent link: https://www.econbiz.de/10012887941
We propose a simple modification of Hamilton’s (2018) time series filter that yields reliable and economically meaningful real-time output gap estimates. The original filter relies on 8 quarter ahead forecast errors of a simple autoregression of real GDP. While this approach yields a cyclical...
Persistent link: https://www.econbiz.de/10012233667
Persistent link: https://www.econbiz.de/10012249846
Commission proposes a production function methodology that involves the estimation of two classes of Gaussian state space models … unobserved component models and offers frequentist as well as Bayesian estimation techniques. Additional functionalities include … preparation, model specification, and estimation processes using RGAP. …
Persistent link: https://www.econbiz.de/10013256541
Persistent link: https://www.econbiz.de/10000617661
Persistent link: https://www.econbiz.de/10014339408
Persistent link: https://www.econbiz.de/10015145531