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Potential Output and Output Gap in Nepal [PDF]
NRB Economic Review, 2010 The potential output and output gap are key variables in identifying the scope for sustainable noninflationary growth and assessment of the stance of macroeconomic policies. This paper estimates potential output and the output gap in Nepal by different methodologies.
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Crisis, potential output and hysteresis [PDF]
International Economics, 2017 This paper seeks to estimate the effects of financial crises on potential output accounting for hysteresis on a panel of 34 OECD economies. Hysteresis amplifies the effect of financial crises on potential output. The difference is marginal in the first years (below 0.5% point) but grows over time to about 1/3 after six years.
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Potential Output and Output Gap Estimates for Nepal
NRB Economic Review, 2017Estimation of potential output and output gap is one of the key issues for the conduct of macroeconomic policies and structural reforms in the long-run as the idea of output gap helps decide on the stance of such policies. A positive output gap, for instance, indicates that aggregate demand exceeds the productive capacity of the economy resulting into ...
Pradeep Raj Poudyal +4 more
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2022
In der vorliegenden Arbeit wird ein alternativer Ansatz in der Schätzung des Produktionspo- tenzials präsentiert und auf Österreich angewandt. Den Ausgangspunkt bildet die Kritik an bestimmten Schätzansätzen, beispielsweise an den weit verbreiteten Produktionsfunktions Modellen, welche Resultate liefern die nahe an einem gleitenden Durchschnitt des BIP
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In der vorliegenden Arbeit wird ein alternativer Ansatz in der Schätzung des Produktionspo- tenzials präsentiert und auf Österreich angewandt. Den Ausgangspunkt bildet die Kritik an bestimmten Schätzansätzen, beispielsweise an den weit verbreiteten Produktionsfunktions Modellen, welche Resultate liefern die nahe an einem gleitenden Durchschnitt des BIP
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Potential Output and the Output Gap in Ireland [PDF]
, 2001 The performance of the Irish economy in recent years has been outstanding. Between 1994 and 2000, Ireland’s economic growth, as measured by the annual percentage change in real GDP (Gross Domestic Product), has expanded at an annual average rate of approximately 9 per cent. Over the same time period, we have also experienced annual employment growth of
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ESTIMATING POTENTIAL OUTPUT AND THE OUTPUT GAP FOR BRAZIL [PDF]
, 2004 This paper aims to estimate output gap for Brazilian economy through di.erents methodolies. We use traditional univariate techniques and propose a new semi-estructural methodology that combines HP filtering and the production function approach. In order to compare the di.erent potential output estimates, we use a Phillips curve to predict free price ...
Carlos Hamilton Vasconcelos Araujo +2 more
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Monetary Policy and Hysteresis in Potential Output [PDF]
, 2013 We show that actively stabilizing economic activity plays a more prominent role in the conduct of monetary policy when potential output is subject to hysteresis. We augment a basic NewKeynesian model by hysteresis in potential output and contrast simulation outcomes of this extended model to the standard model.
Kienzler, Daniel, Schmid, Kai Daniel
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India’s Potential Output Revisited
Journal of Quantitative Economics, 2016Estimates of potential output have been revised downward across countries in the post-crisis period. In India, the debate on potential GDP and output gap has been intensified in the wake of revision in the GDP estimates with change in base year as well as the underlying methodology consistent with international best practices.
Barendra Kumar Bhoi +1 more
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