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Multivariate structural time series models with dual cycles : implications for measurement of output gap and potential growth
Moës, Philippe - 2008
enables hysteresis to be taken into account. Hysteresis is likely to show up in unemployment but it can also affect the … capital stock due to the existence of long investment cycles. In the proposed model, hysteresis may affect all the factor … be computed that are hysteresis-free and less prone to volatility. A complementary measure of the output gap that takes …
Persistent link: https://www.econbiz.de/10011610168
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Multivariate structural time series models with dual cycles : implications for measurement of output gap and potential growth
Moës, Philippe - 2008
Persistent link: https://www.econbiz.de/10003744977
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Multivariate Structural Time Series Models with Dual Cycles : Implications for Measurement of Output Gap and Potential Growth
Moës, Philippe - 2010
enables hysteresis to be taken into account. Hysteresis is likely to show up in unemployment but it can also affect the … capital stock due to the existence of long investment cycles. In the proposed model, hysteresis may affect all the factor … be computed that are hysteresis-free and less prone to volatility. A complementary measure of the output gap that takes …
Persistent link: https://www.econbiz.de/10013137643
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Chronic excess capacity and unemployment hysteresis in EU countries : a structural approach
Bassi, Federico - 2020
unemployment function. Our results provide evidence of chronic underutilization of productive capacity and hysteresis in …
Persistent link: https://www.econbiz.de/10012292864
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A trend-cycle decomposition with hysteresis
Gómez Pineda, Javier Guillermo; Roa-Rozo, Julián - 2023
Persistent link: https://www.econbiz.de/10014289014
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Unoberserved components models for quarterly German GDP
Flaig, Gebhard - 2002
In this paper, an Unobserved Components Model is employed to decompose German real GDP into the trend, cycle and seasonal components and the working day effect. The most important findings are: 1) The growth rate of potential output declined from 4.2 per cent in the sixties to 1.4 per cent at...
Persistent link: https://www.econbiz.de/10011409368
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Which output gap estimates are stable in real time and why?
Barbarino, Alessandro; Berge, Travis J.; Chen, Han; … - 2020
Persistent link: https://www.econbiz.de/10012389846
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Estimating the output gap using business survey data : a bivariate structural time series model for the German economy
Flaig, Gebhard; Ploetscher, Claudia - 2000
This paper deals with the estimation of the output gap. We use uni- and bivariate unobserved components models in order to decompose the observed German GDP-series into trend, cycle and seasonal components. The results show that using the ifo business assessment variable as an indicator for the...
Persistent link: https://www.econbiz.de/10009781503
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Estimating Malaysia's output gap : have we closed the gap?
Nur Ain Shahrier; Chuah Lay Lian - In: The Singapore economic review : journal of the Economic … 64 (2019) 3, pp. 647-674
Persistent link: https://www.econbiz.de/10012126448
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The production function approach to the Belgian output gap, estimation of a multivariate structural time series model
Moës, Philippe - 2006
A multivariate structural time series model is applied to the factor inputs of a production function (or components thereof) to estimate the Belgian output gap. The usefulness of capacity utilization is also investigated but the variable is not given a prominent status. The number of independent...
Persistent link: https://www.econbiz.de/10011624052