Results 71 to 80 of about 239,722 (163)
Monetary Policy and the Output Gap [PDF]
Economic Synopses, 2014 Overestimating how far the economy is away from its potential unnecessarily risks delaying the end of unusual monetary accommodation.
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Reviews of Management SciencesPurpose This paper examines the impact of Economic Policy Uncertainty (EPU) and Oil Price Uncertainty (OPU) on inflation in five Asian Pacific countries, including Pakistan, China, India, Japan, and South Korea.
Ahmed Oluwatobi ADEKUNLE
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Monetary Determinants of House Prices in the European Countries
Zeszyty Naukowe Uniwersytetu Ekonomicznego w KrakowieObjective: The aim of this article is to investigate monetary policy effects on the house prices for the panel of 12 Central and Eastern European (CEE-12) countries, 12 small European countries (EU-12) and 5 largest European countries plus the UK (EU-6).
Viktor Shevchuk, Roman Kopych
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Output gap in the Czech economy: DSGE approach
Review of Economic Perspectives, 2019 This paper presents three measures of the output gap estimated by a dynamic stochastic general equilibrium model of the Czech economy. We argue that the most plausible description of the business cycle provides the output gap defined as a deviation from ...
Bechný Jakub
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ESTIMATING THE OUTPUT GAP FOR ROMANIA’S ECONOMY
Hyperion Economic Journal, 2014 In this research paper the authors try to estimate Romania’s Output Gap and how the country managed to evolve, from the given chronological perspective, in parallel with the estimated potential Output Gap. Romania started to feel the heat of the economic crisis at almost three quarters after the American economy started its decline, but when it comes ...
Daniel Belingher +1 more
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Vietnam: Bayesian Estimation of Output Gap
IMF Working Papers, 2010 The paper constructs a new output gap measure for Vietnam by applying Bayesian methods to a two-equation AS-AD model, while treating the output gap as an unobservable series to be estimated together with other parameters. Model coefficients are easily interpretable, and the output gap series is consistent with a broader analysis of economic ...
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Investigating Factors Affecting Inflation with Emphasis on the Role of Backward-Looking and Forward-Looking Expectations [PDF]
پژوهشهای اقتصادی, 2015 Inflation is the main problem which should be overcome both by the government and economic agents. The existence of inflation in an economy causes distortion and disequilibrium in the macroeconomic variables in the forms of decreasing growth rate, rising
Seyyed Safdar Hosseini, Maryam Shokoohi
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Data revisions and the output gap [PDF]
, 2011 Preliminary and delayed Colombian GDP reports are replaced with optimal in-sample now-casts of "true" GDP figures derived from a model for data revisions. The new GDP time series is augmented with optimal out-of-sample forecasts and back-casts of the "true" GDP figures derived from the same model.
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La política monetaria y la brecha del producto
Revista Finanzas y Política Económica, 2011 Para una adecuada conducción de la política monetaria en una economía pequeña y abierta como la colombiana, debe tenerse en cuenta tanto el trilema de la política monetaria, así como el ancla nominal de la economía., En este contexto, el papel del banco ...
Roberto Alfonso Montenegro Robles
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Norges Bank’s Output Gap Estimates
, 2012 The output gap quantifies aggregate capacity utilisation in the economy. Norges Bank’s output gap assessment starts with a trend calculation (HP filter) of mainland GDP. Such trend estimates are inherently subject to uncertainty, particularly towards the end of the sample period.
Sturød, Marianne, Hagelund, Kåre
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