The utilization-adjusted output gap : is the Russian economy overheating? /

This paper estimates the output gap in Russia using a utilization-adjusted production function approach, which we argue is preferable to traditional output gap methods. The approach amounts to (1) using available surveys to estimate the "natural rates" of capacity and labor utilization abo...

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Bibliographic Details
Call Number:Libro Electrónico
Main Authors: Oomes, Nienke (Author), Dynnikova, Oksana (Author)
Corporate Authors: International Monetary Fund. European Department, International Monetary Fund. Policy Development and Review Department
Format: Electronic eBook
Language:Inglés
Published: [Washington, D.C.] : International Monetary Fund, European Dept. and Policy Development and Review Dept., ©2006.
Series:IMF working paper ; WP/06/68.
Subjects:
Inflation (Finance) > Russia > Econometric models.
Input-output analysis > Russia > Econometric models.
Phillips curve > Econometric models.
Inflation > Russie > Modèles économétriques.
Analyse input-output > Russie > Modèles économétriques.
Courbe de Phillips > Modèles économétriques.
Inflation (Finance) > Econometric models
Input-output analysis > Econometric models
Phillips curve > Econometric models
Russia
Online Access:Texto completo
Table of Contents:
  • Contents
  • I. INTRODUCTION
  • II. THE NONACCELERATING INFLATION RATE OF FACTOR UTILIZATION
  • III. FACTOR UTILIZATION IN RUSSIA
  • A. Capacity Utilization
  • B. Labor Utilization
  • C. Estimating the Natural Rate
  • IV. OUTPUT GAP ESTIMATES
  • A. Trend Fitting and Statistical Filtering
  • B. Production Function Approach
  • V. CONCLUSIONS
  • I. Characteristics and Methodology of Capacity Utilization Surveys
  • II. Econometric NAICU Estimates
  • III. Statistical Methods for Estimating the Output Gap
  • References

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