Estimates of potential output and the neutral rate for the U.S. economy

by Ali Alichi, Rania Al-Mashat, Hayk Avetisyan, Jaromir Benes, Olivier Bizimana, Aram Butavyan, Robert Ford, Narek Ghazaryan, Vahagn Grigoryan, Mane Harutyunyan, Anahit Hovhannisyan, Edgar Hovhannisyan, Hayk Karapetyan, Mariam Kharaishvili, Douglas Laxton, Akaki Liqokeli, Karolin Matikyan, Gevorg Minasyan, Shalva Mkhatrishvili, Armen Nurbekyan, Andrei Orlov, Babken Pashinyan, Garik Petrosyan, Yekaterina Rezepina, Aleksandr Shirkhanyan, Tamta Sopromadze, Lusine Torosyan, Erik Vardanyan, Hou Wang, and Jiaxiong Yao

Estimates of potential output and the neutral short-term interest rate play important roles in policy making. However, such estimates are associated with significant uncertainty and subject to significant revisions. This paper extends the structural multivariate filter methodology by adding a monetary policy block, which allows estimating the neutral rate of interest for the U.S. economy. The addition of the monetary policy block further improves the reliability of the structural multivariate filter

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Year of publication:	April 2018
Authors:	Alichi, Ali ; Al-Mashat, Rania ; Avetisyan, Hayk ; Benes, Jaromir ; Bizimana, Olivier ; Butavyan, Aram ; Ford, Robert ; Ghazaryan, Narek ; Grigoryan, Vahagn ; Harutyunyan, Mane ; Hovhannisyan, Anahit ; Hovhannisyan, Edgar ; Karapetyan, Hayk ; Kharaishvili, Mariam ; Laxton, Douglas ; Liqokeli, Akaki ; Matikyan, Karolin ; Minasyan, Gevorg ; Mkhatrishvili, Shalva ; Nurbekyan, Armen ; Orlov, Andrei ; Pashinyan, Babken ; Petrosyan, Garik ; Rezepina, Yekaterina ; Shirkhanyan, Aleksandr ; Sopromadze, Tamta ; Torosyan, Lusine ; Vardanyan, Erik ; Wang, Hou ; Yao, Jiaxiong
Publisher:	[Washington, D.C.] : International Monetary Fund
Subject:	USA \| United States \| Produktionspotenzial \| Potential output \| Wirtschaftswachstum \| Economic growth \| Wirtschaftsprognose \| Economic forecast \| Schätzung \| Estimation

Extent:	1 Online-Ressource (circa 31 Seiten) Illustrationen
Series:	IMF working papers. - Washington, DC : IMF, ZDB-ID 2108494-4. - Vol. WP/18, 152
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Graue Literatur ; Non-commercial literature ; Arbeitspapier ; Working Paper
Language:	English
ISBN:	978-1-4843-6632-5
Other identifiers:	10.5089/9781484366325.001 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10011878377