Output Gap
Measuring output gap uncertainty
... unobserved output gap using many component bivariate vector autoregressive (VAR) ...the output gap, and auxiliary assumptions (such as lag lengths and break ...single output gap ...
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Output gap and inflation nexus: the case of United Arab Emirates
... potential output and the corresponding output gap are inherently unobservable and must be estimated using information contained in other observable macroeconomic ...of output using the ...
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Differences in monetary policies between two hypothetical closed economies:one which is concerned with avoiding a large negative output gap and the other which is not
... studies output gap target zone has been fixed between ...this output gap target zone is what needs to be varied to obtain the final result of the overall research question discussed in this ...
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Potential Output, Output Gap and Fiscal Stance: is the EC estimation of the NAWRU too sensitive to be reliable?
... potential output and the output gap. But potential output and its components, like the NAWRU, are not observable and must be ...Potential output is a very useful concept and is a ...
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Labour Gap, Output Gap and Inflation by Economic Sector: The case of Greece and the Peloponnese Region (2000 2007)
... Thus, when the activities connected to the expansion of the economy are completed, and the employment level reaches its potential value, then the unemployment rate will probably increase. This finding seems to be ...
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The output gap : what is it, how can it be estimated and are they fit for policy makers' purposes?
... The deep and protracted recession experienced since 2008 certainly had the potential to have caused a sizeable drop in potential output. This could be the case if large numbers of unemployed workers have exited ...
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Does Output Gap, Labor's Share or Unemployment Rate Drive Inflation?
... For comparison, we also report the results of the standard test of pairwise Granger causality from in‡ation to each of the candidate variables in Table 4. In accordance with Rudd and Whelan (2005), there is little sign ...
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Output Gap Estimation for Inflation Forecasting: The Case of the Philippines
... that output gap estimation is not without a lot of ...the output gap is that it is based on end-of-sample estimates of an output trend (potential output), which are unavoidably ...
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Estimating Output Gap for Pakistan Economy:Structural and Statistical Approaches
... of output gap produced different outcomes that are not identical to each ...composite output gaps for each ...composite output gaps. Therefore, a benchmark output gap has been ...
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Estimating the output gap in the Polish economy: the VECM approach
... potential output in ...of output the economy can produce under the conditions of full employment (which is understood as the maximum level of employment not generating inflationary pressure 1 ...(1977)). ...
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Inside the “Upside Down”: Estimating Ireland’s Output Gap
... UK output gap given the assertion that “it would be unwise to base an assessment of economic prospects on any single approach alone” ...With output gap estimates, as with forecasts, there are ...
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The Comparison of the Recent Crises in Turkey in terms of Output Gap
... the output gap as a percent of potential GDP for the entire ...of output gap represents a good picture of the Turkish economy for the ...
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Real time estimation of potential output and output gap for theeuro area: comparing production function with unobserved componentsand SVAR approaches
... The output gap interpretation followed by international organizations (OECD, European Commission, ECB…) generally rests on an economic-based approach relying on a production function ...potential ...
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Intuitive and Reliable Estimates of Output Gap and Real Exchange Rate Cycles for Turkey
... accurate output gap is an important task for pol- icy maker institutions, especially central ...the gap between actual and potential GDP, so as to determine whether the economy needs more or less ...
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Estimating Labour and Output Gap: Evidence from the Athens Olympic Region in Greece
... Potential output may be described as a measure of aggregate supply of the regional ...of output that can be produced using available resources and ...of output produced in an economy is determined by ...
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The computation of the output gap in Polish economy in the light of the secular stagnation scenario (sustainability antithesis)
... the output gap, containing the irregular (random) component were pointed ...the output gap, which is one of the benchmarks in the decision- making process of politicians and ...the ...
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Output Gap Estimation Uncertainty: Extracting the TFP Cycle Using an Aggregated PMI Series
... As of the Autumn 2010 forecasting exercise, the EU Commission has adopted a bivariate Kalman Filter (KF) model for the decomposition of TFP into its trend and cyclical components. The KF model replaced the Hodrick ...
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Estimation and Analysis of the Output Gap for the Saudi Economy; Econometric Study (1970-2016)
... the output gap in Saudi ...The output gap requires more than two years to be automatically corrected over time in order to achieve long-term ...
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Estimating the Inflation Output Gap Trade Off with Triangle Model in Pakistan
... Inflation-Output Gap Trade-off with Triangle model using Time Series data over the periods of 1971-2016 in case of ...on output containing different two shock dummy variables in ...and output ...
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Real time representation of the UK output gap in the presence of trend uncertainty
... the output gap is negative is forecast to be approximately the same in 2003q2 and 2004q2, at 60%, falling to around 55% in ...the gap is positive or negative, the statements present the forecast ...
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