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Output gap determinants in Ethiopia [PDF]
Cogent Economics & Finance, 2021 The output gap measured as the percentage deviation of actual output from its potential level is an indicator of an economy’s achievement. Output gap has been an important concept used for forming of policies.
Adisu Abebaw
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Modelling Italian Potential Output and the Output Gap [PDF]
SSRN Electronic Journal, 2010 The aim of the paper is to estimate a reliable quarterly time-series of potential output for the Italian economy,exploiting four alternative approaches: a Bayesian unobserved component method, a univariate time-varying autoregressive model, a production function approach and a structural VAR.
Antonio Bassanetti +2 more
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Journal of Accounting and Finance in Emerging Economies, 2021 This paper covers previous studies' deficiencies and re-examine the theoretical model using a heterogeneous panel GMM technique, which overcomes cross-section dependency.
Muhammad Azhar Bhatti +3 more
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Empirical Analysis of the Elasticity of Employment to Output Gap in the Republic of Croatia [PDF]
Interdisciplinary Description of Complex Systems, 2021 This article deals with the impact of cyclical activity of GDP on employment in the Republic of Croatia in the period from 2000 to 2020. According to the prevailing economic paradigm, employment growth follows GDP growth in the long run, but cyclical ...
Željko Kučiš, Irena Palić
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SSRN Electronic Journal, 2020 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Berger, Tino +2 more
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Real-Time Representations of the Output Gap [PDF]
Review of Economics and Statistics, 2008 Methods are described for the appropriate use of data obtained and analysed in real time to represent the output gap. The methods employ cointegrating VAR techniques to model real-time measures and realizations of output series jointly. The model is used to mitigate the impact of data revisions; to generate appropriate forecasts that can deliver ...
Garratt, A, Lee, K, Mise, E, Shields, K
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IMF Working Papers, 2020 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.
Jiaqian Chen, Lucyna Gornicka
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Global and local components of output gaps
Empirical Economics, 2023 AbstractThis paper proposes a multi-level dynamic factor model to identify common components in output gap estimates. We pool multiple estimates for 157 countries and decompose them into one global, eight regional, and 157 country-specific cycles. Our approach easily deals with mixed frequencies, ragged edges, and discontinuities in the underlying ...
Florian Eckert, Nina Mühlebach
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Current-Account Imbalances, Real Exchange-Rate Misalignments, and Output Gaps
Economics: Journal Articles, 2022 This study analyzes the relationships between domestic and foreign output gaps, current-account imbalances, and real effective exchange-rate (REER) misalignments. We first set up a theoretical framework based on the elasticities and absorption approaches
Camba-Crespo Alfonso +2 more
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Bayesian analysis of output gap in Barbados
Latin American Journal of Central Banking, 2020 This article contributes to understanding the performance of various unobserved components (UC) models in fitting Barbados’ real GDP. Relying on recent UC models techniques, it finds support for the UC model that captures correlated disturbances, but not
Terence D. Agbeyegbe
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