Investigating potential output using the Hodrick-Prescott filter: an application for Malta

Aaron Grech

No WP/02/2014, CBM Working Papers from Central Bank of Malta

Abstract: This paper, after reviewing the most used method from the two main branches of empirical investigation, namely the Hodrick-Prescott (HP) filter and the production function, argues that they both suffer from significant failings when applied to very small and open economies like Malta.

JEL-codes: B41 C18 E32 F41 (search for similar items in EconPapers)
Pages: 33 pgs
New Economics Papers: this item is included in nep-mac
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https://www.centralbankmalta.org/file.aspx?f=974 First version, 2014 (application/pdf)

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Working Paper: Investigating potential output using the Hodrick-Prescott filter: an application for Malta (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:mlt:wpaper:0214

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