A Simple Multivariate Filter for Estimating Potential Output /

Estimates of potential output are an important ingredient of structured forecasting and policy analysis. Using information on consensus forecasts, this paper extends the multivariate filter developed by Benes and others (2010). Although the estimates in real time are more robust relative to those of...

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Bibliografische gegevens
Hoofdauteur: Blagrave, Patrick
Andere auteurs: Garcia-Saltos, Roberto, Laxton, Douglas, Zhang, Fan
Formaat: Tijdschrift
Taal:English
Gepubliceerd in: Washington, D.C. : International Monetary Fund, 2015.
Reeks:IMF Working Papers; Working Paper ; No. 2015/079
Online toegang:Full text available on IMF
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245 1 2 |a A Simple Multivariate Filter for Estimating Potential Output /  |c Patrick Blagrave, Roberto Garcia-Saltos, Douglas Laxton, Fan Zhang. 
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300 |a 1 online resource (30 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 Estimates of potential output are an important ingredient of structured forecasting and policy analysis. Using information on consensus forecasts, this paper extends the multivariate filter developed by Benes and others (2010). Although the estimates in real time are more robust relative to those of naive statistical filters, there is still significant uncertainty surrounding the estimates. The paper presents estimates for 16 countries and provides an example of how the filtered estimates at the end of the sample period can be improved with additional information. 
538 |a Mode of access: Internet 
700 1 |a Garcia-Saltos, Roberto. 
700 1 |a Laxton, Douglas. 
700 1 |a Zhang, Fan. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2015/079 
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