Multivariate Filter Estimation of Potential Output for the United States /

Estimates of potential output are an important component of a structured forecasting and policy analysis system. Using information on capacity utilization, this paper extends the multivariate filter developed by Laxton and Tetlow (1992) and modified by Benes and others (2010), Blagrave and others (2...

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Detalles Bibliográficos
Clasificación:Libro Electrónico
Autores principales: Alichi, Ali (Autor), Bizimana, Olivier (Autor), Laxton, Douglas (Autor)
Formato: Electrónico eBook
Idioma:Inglés
Publicado: [Washington, D.C.] : International Monetary Fund, [2017]
Colección:IMF working paper ; WP/17/106.
Temas:
Macroeconomics.
Macroeconomic policy making.
Macroeconomics > Econometric models.
Macroeconomics > Mathematical models.
Macroéconomie.
Macroéconomie > Modèles mathématiques.
BUSINESS & ECONOMICS > Economics > Macroeconomics.
POLITICAL SCIENCE > Economic Conditions.
Acceso en línea:Texto completo
Descripción
Sumario:Estimates of potential output are an important component of a structured forecasting and policy analysis system. Using information on capacity utilization, this paper extends the multivariate filter developed by Laxton and Tetlow (1992) and modified by Benes and others (2010), Blagrave and others (2015), and Alichi and others (2015). We show that, although still fairly uncertain, the real-time estimates from this approach are more accurate than estimates constructed from naive univariate statistical filters. The paper presents illustrative estimates for the United States and discusses how the end-of-sample estimates can be improved with additional information.
Descripción Física:1 online resource (26 pages)
ISBN:9781475598605
1475598602
ISSN:1018-5941 ;

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