Israel: Selected Issues and Statistical Appendix
August 3, 2001
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The estimated potential output growth decelerated from 4.9 percent in the third quarter of 2000 to 4.2 percent in the first quarter of 2001. In the Israeli context, the sharp and exogenous nature of shocks at the end of 2000 complicated the task of estimation. The paper presents potential output estimates using the Hodrick-Prescott (HP) filter and the unobserved components approach. The potential output and the nonaccelerating inflation rate of unemployment estimates have been obtained simultaneously. The statistical data are also presented in the paper.
Subject: Cyclical unemployment, Inflation, Labor, Output gap, Potential output, Prices, Production, Production growth
Keywords: CR, Cyclical unemployment, filter method, HP filter, Inflation, inflation information, ISCR, Output gap, output gap estimate, Potential output, Production growth, UC method
Pages:
65
Volume:
2001
DOI:
Issue:
134
Series:
Country Report No. 2001/134
Stock No:
1ISREA0022001
ISBN:
9781451819519
ISSN:
1934-7685
