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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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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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Potential Output and Demand-Led Growth
2013Potential output is generally understood as the desirable level of output, i.e., the highest which may be attained in any given situation without putting inflationary pressures upon the economy.
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Potential Output and Microeconomic Heterogeneity
SSRN Electronic Journal, 2018I estimate potential output growth using a production function approach applied to individual firm-level data for Italy. The dataset includes 360,000 non-financial corporations over the period 2004-15. I compare these estimates with those obtained from aggregate data, with a view to extracting additional information on the drivers of potential output ...
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Forecasting potential output for Greece
Economic bulletinThis paper presents a description of the current version of the production function methodology used at the Bank of Greece for assessing and forecasting potential output and the output gap. Medium-term projections are also presented: potential output growth is expected to be 1.9%, supported by Total Factor Productivity (TFP) and capital, while the ...
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Bipartite Output Consensus for Heterogeneous Multi-Agent Systems via Output Regulation Approach
IEEE Transactions on Circuits and Systems II: Express Briefs, 2021Tao Han, Wei Xing Zheng
exaly
Potential Output, Output Gap and Great Recession in the Eurozone
2015The thesis regarding output gap estimation is divided into two sections. The first part evaluates the latent potential output of euro area since 1998. The emphasis is put on the inquiry of usefulness of such estimates. The main findings resulting from this analysis are that, while ex-post assessment of potential output can serve as an effective tool ...
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