Estimating Sri Lanka’s Potential Output
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Summary:
In this paper we present various techniques to estimate Sri Lanka’s potential output and output gap, including statistical and model-based approaches. Compared to conventional statistical filters that rely exclusively on information in a single series, the model-based approaches allow potential output estimates to incorporate information contained in observable data series including inflation, actual output, unemployment and capacity utilization. The estimation results suggest that Sri Lanka’s potential output has risen slightly in the last few years.
Series:
Working Paper No. 2014/040
Subject:
Capacity utilization Inflation Labor Output gap Potential output Prices Production Unemployment rate
English
Publication Date:
March 11, 2014
ISBN/ISSN:
9781484333938/1018-5941
Stock No:
WPIEA2014040
Pages:
16
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