Sweden: Selected Issues
October 12, 1999
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This Selected Issues paper describes a variety of methodologies for estimating a country’s potential output level and presents empirical estimates for Sweden. The paper explains why these methods produce a variety of results, some of which are more plausible than others. The paper looks more closely at one aspect of growth in potential output: how it has been affected by the structural policy improvements of the past several years. The paper examines the pattern of output and unemployment over time to separate permanent changes from cyclical and other temporary changes.
Subject: Expenditure, Labor, Output gap, Pension spending, Pensions, Potential output, Production, Total factor productivity
Keywords: Baltics, constructed output gap, CR, East Asia, Europe, expenditure GDP ratio, growth impetus, headline CPI inflation, HP filter, ISCR, Output gap, pension, Pension spending, pension-rights income, Pensions, Potential output, Riksbank inflation forecast, Total factor productivity, Western Europe
Pages:
79
Volume:
1999
DOI:
Issue:
115
Series:
Country Report No. 1999/115
Stock No:
1SWEEA0021999
ISBN:
9781451835922
ISSN:
1934-7685
