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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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Aggregate Stability and Balanced-Budget Rules
Ghilardi, Matteo; Rossi, Raffaele - International Monetary Fund (IMF) - 2014
It has been shown that under perfect competition and a Cobb-Douglas production function, a basic real business cycle … production functions, namely a constant elasticity of substitution production function. We show that the degree of … substitutability between production factors is a key ingredient to understand the (de)stabilising properties of a balanced-budget rule …
Persistent link: https://www.econbiz.de/10010790380
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Will Natural Gas Prices Decouple From Oil Prices Across the Pond?
International Monetary Fund (IMF); International … - 2011
We show that US natural gas prices have decoupled from oil prices following substantial institutional and technological changes. We then examine how this interrelationship has evolved in Europe using data for Algeria, one of Europe’s key gas suppliers. Taking into account total gas...
Persistent link: https://www.econbiz.de/10009151207
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The Chinese Corporate Savings Puzzle; A Firm-Level Cross-Country Perspective
Tong, Hui; Wei, Shang-Jin; Bayoumi, Tamim - International Monetary Fund (IMF) - 2010
China’s high corporate savings rate is commonly claimed to be a key driver for the country’s large current account surplus. The mainstream explanation for high corporate savings is a combination of windfall profits in state-owned firms, especially in resource sectors, and...
Persistent link: https://www.econbiz.de/10008777019
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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
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The Chilean Output Gap
Medina, Leandro; Magud, Nicolas E. - International Monetary Fund (IMF) - 2011
This paper estimates the potential output (and the output gap) in Chile using several different methodologies. After a structural brake in 1998, the average growth rate of potential output in Chile declined from over 7 percent to 3-4 percent in the aggregate economy, but to less than 2 percent...
Persistent link: https://www.econbiz.de/10008839353
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THE SINGLE ITEM DISCRETE LOTSIZING AND SCHEDULING PROBLEM: LINEAR DESCRIPTION AND OPTIMIZATION.
KUIK, R.; SALOMON, M.; VAN HOESEL, S.; VAN WASSENHOVE, L.N. - Econometrisch Instituut, Faculteit der Economische … - 1989
Persistent link: https://www.econbiz.de/10005625186
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The Choice of the Functional Form.
Lansink, A.O.; Thijssen, G. - 1995
Persistent link: https://www.econbiz.de/10005625464