Multivariate Filter Estimation of Potential Output for the United States : An Extension with Labor Market Hysteresis /
This paper extends the multivariate filter approach of estimating potential output developed by Alichi and others (2018) to incorporate labor market hysteresis. This extension captures the idea that long and deep recessions (expansions) cause persistent damage (improvement) to the labor market, ther...
| מחבר ראשי: | |
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| מחברים אחרים: | , , |
| פורמט: | כתב-עת |
| שפה: | English |
| יצא לאור: |
Washington, D.C. :
International Monetary Fund,
2019.
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| סדרה: | IMF Working Papers; Working Paper ;
No. 2019/035 |
| גישה מקוונת: | Full text available on IMF |