The paper constructs a new output gap measure for Vietnam by applying Bayesian methods to a two-equation AS-AD model, while treating the output gap as an unobservable series to be estimated together with other parameters. Model coefficients are easily interpretable, and the output gap series is cons...
|a Vietnam :
|b Bayesian Estimation of Output Gap /
|c Wojciech Maliszewski.
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|a Washington, D.C. :
|b International Monetary Fund,
|c 2010.
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|a 1 online resource (25 pages)
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|a IMF Working Papers
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|a <strong>Off-Campus Access:</strong> No User ID or Password Required
500
|a <strong>On-Campus Access:</strong> No User ID or Password Required
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|a Electronic access restricted to authorized BRAC University faculty, staff and students
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|a The paper constructs a new output gap measure for Vietnam by applying Bayesian methods to a two-equation AS-AD model, while treating the output gap as an unobservable series to be estimated together with other parameters. Model coefficients are easily interpretable, and the output gap series is consistent with a broader analysis of economic developments. Output gaps obtained from the HP detrending are subject to larger revisions than series obtained from a suitably adjusted model, and may be misleading compared to the model-based measure.
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|a Mode of access: Internet
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|a IMF Working Papers; Working Paper ;
|v No. 2010/149
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|z Full text available on IMF
|u http://elibrary.imf.org/view/journals/001/2010/149/001.2010.issue-149-en.xml
|z IMF e-Library