Multivariate Filter Estimation of Potential Output for the Euro Area and the United States
December 1, 2015
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Order a Print CopyDisclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate
Summary
The estimates of potential output and the output gap presented in this paper are not official IMF estimates. The programs and potential output estimates in this paper can be downloaded from www.douglaslaxton.org.The views expressed in this paper are those of the authors and do not necessarily represent those of the IMF or IMF policy. The authors would like to thank the European Department of the IMF for helpful comments. All errors and omissions are our own.
Subject: Financial crises, Global financial crisis of 2008-2009, Inflation, Output gap, Potential output, Prices, Production, Total factor productivity
Keywords: estimates of the output gap, filter estimation, Global, Global financial crisis of 2008-2009, growth estimate, growth rate, Inflation, inflation expectation, Macroeconomic Modeling, Output gap, output gap decomposition, output gap estimate, output gap to inflation, output tradeoff sense, Phillips curve, Potential Output, potential output gap, production function, supply and demand demand shock, Total factor productivity, unemployment gap, WP
Pages:
32
Volume:
2015
DOI:
Issue:
253
Series:
Working Paper No. 2015/253
Stock No:
WPIEA2015253
ISBN:
9781513556222
ISSN:
1018-5941
