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...
| Tác giả chính: | |
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| Tác giả khác: | , , |
| Định dạng: | Tạp chí |
| Ngôn ngữ: | English |
| Được phát hành: |
Washington, D.C. :
International Monetary Fund,
2019.
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| Loạt: | IMF Working Papers; Working Paper ;
No. 2019/035 |
| Truy cập trực tuyến: | Full text available on IMF |