A Multivariate Filter for Measuring Potential Output and the NAIRU Application to the Czech Republic /

This paper presents a multivariate (MV) methodology for obtaining measures of excess demand that can facilitate discussion of monetary policy issues and improve policy decisions. Using data for the Czech Republic, a growing economy undergoing major structural change, it shows how the use of more inf...

Ausführliche Beschreibung

Bibliographische Detailangaben
1. Verfasser: Benes, Jaromir
Weitere Verfasser: N'Diaye, Papa
Format: Zeitschrift
Sprache:English
Veröffentlicht: Washington, D.C. : International Monetary Fund, 2004.
Schriftenreihe:IMF Working Papers; Working Paper ; No. 2004/045
Online Zugang:Full text available on IMF
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100 1 |a Benes, Jaromir. 
245 1 2 |a A Multivariate Filter for Measuring Potential Output and the NAIRU Application to the Czech Republic /  |c Jaromir Benes, Papa N'Diaye. 
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300 |a 1 online resource (31 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
506 |a Electronic access restricted to authorized BRAC University faculty, staff and students 
520 3 |a This paper presents a multivariate (MV) methodology for obtaining measures of excess demand that can facilitate discussion of monetary policy issues and improve policy decisions. Using data for the Czech Republic, a growing economy undergoing major structural change, it shows how the use of more information to condition the paths of potential output and the non accelerating inflation rate of unemployment (NAIRU) improves on univariate methods as the Hodrick-Prescott (HP) filter. 
538 |a Mode of access: Internet 
700 1 |a N'Diaye, Papa. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2004/045 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2004/045/001.2004.issue-045-en.xml  |z IMF e-Library