Guatemala : Selected Issues and Analytical Notes

Author/Editor:

International Monetary Fund. Middle East and Central Asia Dept.

Publication Date:

August 2, 2013

Electronic Access:

Free Full Text (PDF file size is 864 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This Selected Issues paper estimates both Guatemala’s potential output and output gap using a wide range of econometric techniques. The analysis suggests that Guatemala’s potential output growth is about 3.5 percent for the whole sample period and that the output gap is almost closed. Results are highly robust among different methodologies. Among the methods used, several well-known time series filters and two different estimations of a state-space model are included. Additionally, a test for structural breaks in the series of potential GDP is presented. All methodologies conclude that the output gap at the end of 2012 is almost closed at -0.2 percent of potential GDP.

Series:

Country Report No. 13/248

Subject:

English

Publication Date:

August 2, 2013

ISBN/ISSN:

9781475578256/1934-7685

Stock No:

1GTMEA2013002

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

39

Please address any questions about this title to publications@imf.org