Guatemala: Selected Issues and Analytical Notes
Electronic Access:
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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. 2013/248
Subject:
Basel III Financial regulation and supervision Fiscal consolidation Fiscal policy Output gap Potential output Production Public debt Revenue administration
English
Publication Date:
August 2, 2013
ISBN/ISSN:
9781475578256/1934-7685
Stock No:
1GTMEA2013002
Pages:
39
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