Multivariate Filter Estimation of Potential Output for the Euro Area and the United States

Multivariate Filter Estimation of Potential Output for the Euro Area and the United States
Author :
Publisher : International Monetary Fund
Total Pages : 32
Release :
ISBN-10 : 9781513501833
ISBN-13 : 1513501836
Rating : 4/5 (836 Downloads)

Book Synopsis Multivariate Filter Estimation of Potential Output for the Euro Area and the United States by : Ali Alichi

Download or read book Multivariate Filter Estimation of Potential Output for the Euro Area and the United States written by Ali Alichi and published by International Monetary Fund. This book was released on 2015-12-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.


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This paper extends the multivariate filter approach of estimating potential output developed by Alichi and others (2018) to incorporate labor market hysteresis.