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...
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| Andere auteurs: | , , |
| Formaat: | Tijdschrift |
| Taal: | English |
| Gepubliceerd in: |
Washington, D.C. :
International Monetary Fund,
2019.
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| Reeks: | IMF Working Papers; Working Paper ;
No. 2019/035 |
| Online toegang: | Full text available on IMF |