Measuring Output Gap : Is It Worth Your Time? /

We apply a range of models to the U.K. data to obtain estimates of the output gap. A structural VAR with an appropriate identification strategy provides improved estimates of output gap with better real time properties and lower sensitivity to temporary shocks than the usual filtering techniques. It...

詳細記述

書誌詳細
第一著者: Chen, Jiaqian
その他の著者: Gornicka, Lucyna
フォーマット: 雑誌
言語:English
出版事項: Washington, D.C. : International Monetary Fund, 2020.
シリーズ:IMF Working Papers; Working Paper ; No. 2020/024
オンライン・アクセス:Full text available on IMF
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245 1 0 |a Measuring Output Gap :   |b Is It Worth Your Time? /  |c Jiaqian Chen, Lucyna Gornicka. 
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300 |a 1 online resource (28 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 We apply a range of models to the U.K. data to obtain estimates of the output gap. A structural VAR with an appropriate identification strategy provides improved estimates of output gap with better real time properties and lower sensitivity to temporary shocks than the usual filtering techniques. It also produces smaller out-of-sample forecast errors for inflation. At the same time, however, our results suggest caution in basing policy decisions on output gap estimates. 
538 |a Mode of access: Internet 
700 1 |a Gornicka, Lucyna. 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2020/024 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2020/024/001.2020.issue-024-en.xml  |z IMF e-Library