Estimating Potential Output at the Central Bank of Armenia

Hayk Karapetyan ()
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Hayk Karapetyan: Monetary Policy Department, Central Bank of Armenia

No 12, Working Papers from Central Bank of Armenia

Abstract: Potential output and output gap are important concepts in many areas of economic policy. However they are unobservable and can only be measured with some uncertainty. The paper documents some estimation methods used at the Central Bank of Armenia, discusses some relevant criteria for evaluation of the methods and shows the relative performance of the models across a wide range of criteria.

Keywords: Potential Output; Output Gap; Multivariate Filter; Production Function Aproach (search for similar items in EconPapers)
JEL-codes: C32 E32 (search for similar items in EconPapers)
Pages: 44 pages
Date: 2019-10
New Economics Papers: this item is included in nep-cis and nep-mac
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Published in CBA Working Paper Series, October 2019

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https://www.cba.am/EN/panalyticalmaterialsresearches/Analytical_21.10.2019.pdf First version, 2019 (application/pdf)

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Persistent link: https://EconPapers.repec.org/RePEc:ara:wpaper:012

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