Estimates of Potential Output and the Neutral Rate for the U.S. Economy

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:	2018
Authors:	Alichi, Ali
Other Persons:	Al-Mashat, Rania (contributor) ; Avetisyan, Hayk (contributor) ; Beneš, Jaromír (contributor) ; Bizimana, Olivier (contributor) ; Butavyan, Aram (contributor) ; Ford, Robert (contributor) ; Ghazaryan, Narek (contributor) ; Grigoryan, Vahagn (contributor) ; Harutyunyan, Mane (contributor) ; Hovhannisyan, Anahit (contributor) ; Hovhannisyan, Edgar (contributor) ; Karapetyan, Hayk (contributor) ; Kharaishvili, Mariam (contributor) ; Laxton, Douglas (contributor) ; Liqokeli, Akaki (contributor) ; Matikyan, Karolina (contributor) ; Minasyan, Gevorg (contributor) ; Mkhatrishvili, Shalva (contributor) ; Nurbekyan, Armen (contributor) ; Orlov, Andrei (contributor) ; Pashinyan, Babken (contributor) ; Petrosyan, Garik (contributor) ; Rezepina, Yekaterina (contributor) ; Shirkhanyan, Aleksandr (contributor) ; Sopromadze, Tamta (contributor) ; Torosyan, Lusine (contributor) ; Vardanyan, Erik (contributor) ; Wang, Hou (contributor)
Publisher:	[2018]: [S.l.] : SSRN
Subject:	USA \| United States \| Produktionspotenzial \| Potential output \| Wirtschaftswachstum \| Economic growth \| Wirtschaftsprognose \| Economic forecast \| Schätzung \| Estimation

Extent:	1 Online-Ressource (32 p)
Series:	IMF Working Paper ; No. 18/152
Type of publication:	Book / Working Paper
Language:	English
Notes:	Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 2018 erstellt
Other identifiers:	10.2139/ssrn.3221262 [DOI]
Classification:	C51 - Model Construction and Estimation ; E32 - Business Fluctuations; Cycles ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E31 - Price Level; Inflation; Deflation
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10012913892