Estimates of potential output are an important ingredient of structured forecasting and policy analysis. Using information on consensus forecasts, this paper extends the multivariate filter developed by Benes and others (2010). Although the estimates in real time are more robust relative to...

Agri-environmental programs have become popular in many countries as a means of improving environmental quality. In the United States, recent Farm Bills have progressively expanded the number and range of these programs beyond soil conservation to water quality and other issues. Economists have...