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...

Disgrifiad llawn

Manylion Llyfryddiaeth
Prif Awdur: Chen, Jiaqian
Awduron Eraill: Gornicka, Lucyna
Fformat: Cylchgrawn
Iaith:English
Cyhoeddwyd: Washington, D.C. : International Monetary Fund, 2020.
Cyfres:IMF Working Papers; Working Paper ; No. 2020/024
Mynediad Ar-lein:Full text available on IMF