Guatemala : Selected Issues and Analytical Notes

Publication Date: August 02, 2013
Electronic Access: Free Full text (PDF file size is 864KB).
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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(s): Economic growth | Spillovers | Fiscal sustainability | Monetary policy | Financial risk | Bank supervision | Guatemala

Publication Date: August 02, 2013
ISBN/ISSN: 9781475578256/1934-7685 Format: Paper
Stock No: 1GTMEA2013002 Pages: 39
US$18.00 (Academic Rate:
US$18.00 )
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