Modelos de Estimación de la Brecha de Producto: Aplicación al PIB de la República Dominicana

Models for Estimating the Output Gap: Application to the GDP of Dominican Republic

Ramirez Francisco
Authors registered in the RePEc Author Service: Francisco A. Ramírez ()

MPRA Paper from University Library of Munich, Germany

Abstract: This document compares the proprieties of different empirical methodologies to estimate the output gap and the potential output (non-observable variables of interest to the design of monetary policy and macroeconomic analysis) using Dominican Republic as a case of study. The output gap and potential output are estimated with three different methods: univariated filters, non-observable variables methodology; and structural autorregresive vector (SVAR). Also, using all measures of output gap, a Phillip’s curve is estimated with each measure to evaluate the usability of these in macroeconometric models of policy analysis and forecast.

Keywords: Potential Output; Unobserved Component Model; Structural VAR (search for similar items in EconPapers)
JEL-codes: C32 C53 E37 (search for similar items in EconPapers)
Date: 2011
New Economics Papers: this item is included in nep-mac
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:38886

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