A New Methodology for Estimating the Output Gap in the United States /

The gap between potential and actual output-the output gap-is a key variable for policymaking. This paper adapts the methodology developed in Blagrave and others (2015) to estimate the path of output gap in the U.S. economy. The results show that the output gap has considerably shrunk since the Grea...

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প্রধান লেখক: Alichi, Ali
বিন্যাস: পত্রিকা
ভাষা:English
প্রকাশিত: Washington, D.C. : International Monetary Fund, 2015.
মালা:IMF Working Papers; Working Paper ; No. 2015/144
অনলাইন ব্যবহার করুন:Full text available on IMF
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245 1 2 |a A New Methodology for Estimating the Output Gap in the United States /  |c Ali Alichi. 
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300 |a 1 online resource (17 pages) 
490 1 |a IMF Working Papers 
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a The gap between potential and actual output-the output gap-is a key variable for policymaking. This paper adapts the methodology developed in Blagrave and others (2015) to estimate the path of output gap in the U.S. economy. The results show that the output gap has considerably shrunk since the Great Recession, but still remains negative. While the results are more robust than other existing methodologies, there is still significant uncertainty surrounding the estimates. 
538 |a Mode of access: Internet 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2015/144 
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