Multivariate Filter Estimation of Potential Output for the Euro Area and the United States

Ali Alichi, Olivier Bizimana, Silvia Domit, Emilio Fernández Corugedo, Douglas Laxton, Kadir Tanyeri, Hou Wang and Fan Zhang

No 2015/253, IMF Working Papers from International Monetary Fund

Abstract: The estimates of potential output and the output gap presented in this paper are not official IMF estimates. The programs and potential output estimates in this paper can be downloaded from www.douglaslaxton.org.The views expressed in this paper are those of the authors and do not necessarily represent those of the IMF or IMF policy. The authors would like to thank the European Department of the IMF for helpful comments. All errors and omissions are our own.

Keywords: WP; growth rate; production function; Macroeconomic Modeling; Potential Output; output gap estimate; estimates of the output gap; inflation expectation; output gap decomposition; output gap to inflation; output tradeoff sense; Phillips curve; potential output gap; Output gap; Total factor productivity; Inflation; Global financial crisis of 2008-2009; Global; growth estimate; unemployment gap; filter estimation; supply and demand demand shock (search for similar items in EconPapers)
Pages: 32
Date: 2015-12-01
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Citations: View citations in EconPapers (14)

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