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Potential Output Estimations for Hungary: A Survey of Different Approaches

Szilard Benk (), Zoltán Jakab () and Gabor Vadas

No 2005/43, MNB Occasional Papers from Magyar Nemzeti Bank (Central Bank of Hungary)

Abstract: This paper is a comprehensive analysis of Hungary’s potential output. Since the concept of potential output is not unique, we present various interpretations of potential GDP, along with a large set of techniques for estimating it. Various estimates are presented and robustness analyses are performed. Finally, an illustrative scenario is outlined for the forthcoming few years.

Keywords: potential output; output gap; production function; business cycle; filtering. (search for similar items in EconPapers)
JEL-codes: E32 C22 C32 (search for similar items in EconPapers)
Pages: 48 pages
Date: 2005
New Economics Papers: this item is included in nep-mac and nep-tra
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