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E-book
Author Konuki, Tetsuya, author.

Title Estimating potential output and the output gap in Slovakia / prepared by Tetsuya Konuki
Published Washington, D.C. : International Monetary Fund, ©2008

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Description 1 online resource (22 pages)
Series IMF working paper ; WP/08/275.
Contents I. Introduction; II. Conventional Methods; A. Statical methods; B. Production function approach; Figures; 1. Output Gap Estimates Based on HP Filter; Tables; 1. Full-Employment Labor Input; 2. Total Factor Productivity (TFP) Growth; 2. Output Gap Estimates by Conventional Methods; 3. Impact of New Factories on Real Output in 2006-08; 3. Output Gap Estimates Based on Production Function; 4. Labor Market Developments; 5. Current Account Balance; 4. Contributions to Growth, 2003-07; III. MV Kalman Filter Approach; 5. Values of Parameters; 6. Output Gap Estimates by MV Kalman Approach
6. Output Gap Estimates Based on Multivariate Kalman Filter7. Economic Imbalance Indicators, 2007-10; 7. Productivity Wage Gap and Output Gap Estimates; 8. Productivity Wage Gap and Output Gap Estimates with 1-Year Lag; IV. Policy Implications of Output Gap Estimates Given by the MV Kalman Filter; V. Conclusions; References
Summary This paper estimates potential output and the output gap for Slovakia which enjoyed rapid growth with few signs of economic overheating in recent years. It applies two broad sets of approaches: conventional methods, represented by a statistical method and a production function approach; and a multivariate (MV) Kalman filter method. The MV Kalman filter method produces estimates of excess demand that portray much more sensibly the situation in recent years in Slovakia than the conventional methods, because it can use more information to condition the paths of potential output
Notes At head of title: European Department
"December 2008."
Bibliography Includes bibliographical references (page 22)
Notes Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212 MiAaHDL
English
Print version record
digitized 2011 HathiTrust Digital Library committed to preserve pda MiAaHDL
Subject Input-output analysis -- Slovakia -- Econometric models
Economic development -- Slovakia -- Econometric models
Business cycles -- Slovakia -- Econometric models
Business cycles -- Econometric models
Economic development -- Econometric models
Input-output analysis -- Econometric models
Wirtschaftspotenzial.
Zustandsraummodell.
Slowakei.
Slovakia
Form Electronic book
Author International Monetary Fund. European Department.
ISBN 1283511509
9781283511506
9781451983210
1451983212
1462301304
9781462301300
1452766223
9781452766225
9786613823953
6613823953