Estimating Potential Output with a Multivariate Filter

This paper develops a simple model for measuring potential output that uses data on inflation, unemployment, and capacity utilization. We apply the model to 10 countries, in addition to the United States and the euro area. While there is a substantial amount of uncertainty around our estimates, we find that the financial crisis has resulted in a reduction in potential output.

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Year of publication:	2010-12-01
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Unemployment \| Economic growth \| Economic models \| Global Financial Crisis 2008-2009 \| Industrial production \| inflation \| nairu \| unemployment rate \| monetary policy \| monetary fund \| equilibrium unemployment \| central bank \| equilibrium unemployment rate \| monetary policy regimes \| monetary conditions \| rate of unemployment \| monetary regimes \| employment \| labor force participation \| unemployment problem \| monetary policy rules \| civilian unemployment \| monetary regime

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Extent:	application/pdf
Series:	IMF Working Papers.
Type of publication:	Book / Working Paper
Language:	English
Notes:	The text is part of a series IMF Working Papers Number 10/285 3 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008777014