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Author/Editor:
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Maliszewski, Wojciech
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Publication Date:
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June 01, 2010
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Electronic Access:
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Free Full text
(PDF file size is 933KB).
Use the free
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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.
The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
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Summary:
The paper constructs a new output gap measure for Vietnam by applying Bayesian methods to a two-equation AS-AD model, while treating the output gap as an unobservable series to be estimated together with other parameters. Model coefficients are easily interpretable, and the output gap series is consistent with a broader analysis of economic developments. Output gaps obtained from the HP detrending are subject to larger revisions than series obtained from a suitably adjusted model, and may be misleading compared to the model-based measure.
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Order a print copy
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Series:
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Working Paper No. 10/149
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Subject(s):
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Vietnam
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English
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Publication Date:
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June 01, 2010
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Format:
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Paper
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Stock No:
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WPIEA2010149
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Pages:
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25
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Price:
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US$18.00 )
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Please address any questions about this title to
publications@imf.org
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