A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries /

Was the postcrisis growth slowdown in Central, Eastern and Southeastern Europe (CESEE) structural or cyclical? We use three different methods-production function approach, basic multivariate filter, and multivariate filter with financial frictions-to evaluate potential growth and output gaps for 18...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Podpiera, Jiří, 1976- (Autor), Raei, Faezeh (Autor), Stepanyan, Ara (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: Washington, D.C. : International Monetary Fund, 2017.
Colección:IMF working paper ; WP/17/37.
Temas:
Since 1989
BUSINESS & ECONOMICS > Economics > General.
BUSINESS & ECONOMICS > Reference.
Economic history.
Europe, Central > Economic conditions > 1989-
Europe, Eastern > Economic conditions > 1989-
Balkan Peninsula > Economic conditions.
Europe centrale > Conditions économiques > 1989-
Europe de l'Est > Conditions économiques > 1989-
Balkans > Conditions économiques.
Balkan Peninsula.
Central Europe.
Eastern Europe.
Acceso en línea:Texto completo
Tabla de Contenidos:
  • Cover; Contents; Abstract; I. Introduction; II. Methodology; A. HP Filter; B. Multivariate Filtering Approach; C. Multivariate Filter with Financial Frictions; D. Production Function Approach; E. How can different approaches be reconciled?; III. Results; A. Potential Growth and its Drivers; B. How Large Were Output Gaps in 2015?; IV. Conclusions; References; FIGURES; 1. CESEE EU: Comovement of Cyclical Variables; 2: Information used in Different Methods of Estimating Potential Output; 3. CESEE: Potential Growth Estimates; 4. CESEE: Common and Idiosyncratic Factors of Potential Growth.
  • 5. CESEE: Output Gap Estimates Using Different Methodologies6. CESEE: Potential Growth Estimates Using Different Methodologies; 7. Output Gaps in 2015; 8. Inflation rates; TABLES; 1. Correlations between intensity measures of capital and labor utilization; 2. CESEE: Output Gap Estimates, 2015 (percent of potential output); 3. CESEE: Potential Growth Estimates, 2015 (y-o-y, percent); APPENDICES; A.A comparison of output gap estimates using different indicators to identify; B. CESEE Countries' Potential Growth and Output Gaps.
  • C. CESEE Countries' Potential Growth Decomposition (using production function approach)D. Decomposing Potential Growth into Common and Idiosyncratic; E. Data Sources and Variables Used for each Methodology.

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