What Is in Your Output Gap? : Unified Framework and Decomposition into Observables /

This paper discusses several popular methods to estimate the 'output gap'. It provides a unified, natural concept for the analysis, and demonstrates how to decompose the output gap into contributions of observed data on output, inflation, unemployment, and other variables. A simple bar-cha...

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Bibliografische gegevens
Hoofdauteur: Andrle, Michal
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2013.
Reeks:IMF Working Papers; Working Paper ; No. 2013/105
Online toegang:Full text available on IMF
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245 1 0 |a What Is in Your Output Gap? :   |b Unified Framework and Decomposition into Observables /  |c Michal Andrle. 
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300 |a 1 online resource (45 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 discusses several popular methods to estimate the 'output gap'. It provides a unified, natural concept for the analysis, and demonstrates how to decompose the output gap into contributions of observed data on output, inflation, unemployment, and other variables. A simple bar-chart of contributing factors, in the case of multi-variable methods, sharpens the intuition behind the estimates and ultimately shows 'what is in your output gap.' The paper demonstrates how to interpret effects of data revisions and new data releases for output gap estimates (news effects) and how to obtain more insight into real-time properties of estimators. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2013/105 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2013/105/001.2013.issue-105-en.xml  |z IMF e-Library