Alternative Methods of Estimating Potential Output and the Output Gap; An Application to Sweden

This paper reviews a number of different methods that can be used to estimate potential output and the output gap. Measures of potential output and the output gap are useful to help identify the scope for sustainable noninflationary growth and to allow an assessment of the stance of macroeconomic policies. The paper then compares results from some of these methods to the case of Sweden, showing the range of estimates.

MoreLess

Year of publication:	2000-03-01
Authors:	Saxena, Sweta Chaman ; Cerra, Valerie
Institutions:	International Monetary Fund (IMF)
Subject:	Production \| Unemployment \| Economic models \| nairu \| equation \| time series \| unemployment rate \| rate of unemployment \| statistics \| probabilities \| natural rate of unemployment \| equations \| econometrics \| random walk \| employment \| linear trend \| polynomial \| parameter estimate \| forecasting \| covariance \| vector autoregression \| financial statistics \| fitted value \| standard deviations \| probability model \| curve relationship \| linear time trend \| simultaneous equations \| non-accelerating inflation rate of unemployment \| linear time \| persistent unemployment \| public employment \| rate of change \| probability \| predictions \| prediction \| missing data \| estimation period \| aggregate unemployment rate \| sampling \| time series analysis \| projection period \| random walks \| measurement errors \| aggregate unemployment \| estimation method \| statistical methods \| labor participation \| linear models \| dynamic time series

freely available

Full text |

More access options

Check Google Scholar

In German libraries (KVK)

I need help

More details

Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Working Papers Number 00/59 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005605416