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Improving output gap estimation : a bottom-up approach

Rathke, Alexander; Streicher, Sina - 2023

We propose a multivariate Bayesian state space model to identify potential growth and the output gap consistent with the dynamics of the underlying production sectors of the economy and those of inflation and the labor market. Our approach allows us to decompose economic fluctuations and...

Persistent link: https://www.econbiz.de/10014427292

Productivity in the Spanish regions during the recent economic cycles

Sosvilla-Rivero, Simón - 2011 - Very preliminary version, June 2011

behavior of productivity during expansions will be analyzed for twenty production branches by applying the methodology proposed … by Leamer (2007), based on the decomposition of contributions to the growth of the productivity of each of these branches … productivity during recessions as well as those that have created an important stimulus to productivity during expansions. …

Persistent link: https://www.econbiz.de/10011555811

Output Gap Estimation Uncertainty : Extracting the TFP Cycle Using an Aggregated PMI Series

Clancy, Daragh - 2019

utilisation (CU) as the second series has been proven to produce more reliable estimates of the Total Factor Productivity (TFP …

Persistent link: https://www.econbiz.de/10012866790

Intermediate Inputs and Sectoral Comovement in the Business Cycle

Hornstein, Andreas - 2012

The postwar U.S. business cycle is characterized by positive comovement of employment and output across sectors. It has been argued that multi-sector growth models are inconsistent with this observation when changes in relative productivities are the main source of fluctuations. We suggest that...

Persistent link: https://www.econbiz.de/10013101938