A New Methodology for Estimating the Output Gap in the United States

A New Methodology for Estimating the Output Gap in the United States
Author :
Publisher : International Monetary Fund
Total Pages : 17
Release :
ISBN-10 : 9781513507569
ISBN-13 : 1513507567
Rating : 4/5 (567 Downloads)

Book Synopsis A New Methodology for Estimating the Output Gap in the United States by : Ali Alichi

Download or read book A New Methodology for Estimating the Output Gap in the United States written by Ali Alichi and published by International Monetary Fund. This book was released on 2015-06-30 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: The gap between potential and actual output—the output gap—is a key variable for policymaking. This paper adapts the methodology developed in Blagrave and others (2015) to estimate the path of output gap in the U.S. economy. The results show that the output gap has considerably shrunk since the Great Recession, but still remains negative. While the results are more robust than other existing methodologies, there is still significant uncertainty surrounding the estimates.


A New Methodology for Estimating the Output Gap in the United States Related Books

Estimating the Output Gap in Real Time
Language: en
Pages: 26
Authors: Anton Cheremukhin
Categories: Banks and banking
Type: BOOK - Published: 2013 - Publisher:

DOWNLOAD EBOOK

I propose a novel method of estimating the potential level of U.S. GDP in real time. The proposed wage-based measure of economic potential remains virtually unc
Output Gap Uncertainty and Real-Time Monetary Policy
Language: en
Pages: 35
Authors: Francesco Grigoli
Categories: Business & Economics
Type: BOOK - Published: 2015-01-23 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real tim
Real-Time Historical Estimates of the Output Gap
Language: en
Pages:
Authors: Luke Van Cleve
Categories:
Type: BOOK - Published: 2020 - Publisher:

DOWNLOAD EBOOK

The purpose of this note is to highlight the recent availability of an expanded set of historical data of the staff's estimates of the real-time output gap at t
How Informative Are Real Time Output Gap Estimates in Europe?
Language: en
Pages: 42
Authors: Mr.Alvar Kangur
Categories: Business & Economics
Type: BOOK - Published: 2019-09-20 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

We study the properties of the IMF-WEO estimates of real-time output gaps for countries in the euro area as well as the determinants of their revisions over 199
Measuring Output Gap: Is It Worth Your Time?
Language: en
Pages: 28
Authors: Mr.Jiaqian Chen
Categories: Business & Economics
Type: BOOK - Published: 2020-02-07 - Publisher: International Monetary Fund

DOWNLOAD EBOOK

We apply a range of models to the U.K. data to obtain estimates of the output gap. A structural VAR with an appropriate identification strategy provides improve