Download or read book Estimating Potential Output for the U S Economy in a Model Framework written by Albert J. Eckstein and published by . This book was released on 1976 with total page 44 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book How Informative Are Real Time Output Gap Estimates in Europe written by Mr.Alvar Kangur and published by International Monetary Fund. This book was released on 2019-09-20 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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 1994-2017. The analysis shows that staff typically saw economies as operating below their potential. In real time, output gaps tend to have large and negative averages that are largely revised away in later vintages. Most of the mis-measurement in real time can be explained by the difficulty in predicting recessions and by overestimation of the economy’s potential capacity. We also find, in line with earlier literature, that real-time output gaps are not useful for predicting inflation. In addition, countries where slack (and potential growth) is overestimated to a larger extent primary fiscal balances tend to be lower and public debt ratios are higher and increase faster than projected. Previous research suggests that national authorities’ real-time output gaps suffer from a similar bias. To the extent these estimates play a role in calibrating fiscal policy, over-optimism about long-term growth could contribute to excessive deficits and debt buildup.

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.

Download or read book Achieving the Goals of the Employment Act of 1946 thirtieth Anniversary Review written by and published by . This book was released on 1976 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Achieving the Goals of the Employment Act of 1946 thirtieth Anniversary Review a Study Prepared for the Use of the Subcommittee on Economic Growth of the Joint Economic Growth Congress of the United States written by and published by . This book was released on 1975 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Monthly Catalog of United States Government Publications written by and published by . This book was released on 1977 with total page 1746 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Monthly Catalogue United States Public Documents written by and published by . This book was released on 1977 with total page 1724 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Counting the Labor Force written by and published by . This book was released on 1900 with total page 684 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Counting the labor force written by United States. National Commission on Employment and Unemployment Statistics and published by . This book was released on 1979 with total page 694 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The Joint Economic Report written by United States. Congress. Joint Economic Committee and published by . This book was released on 1977 with total page 1240 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some years include additional, minority, supplemental, and dissenting views.

Download or read book Joint Economic Report written by United States. Congress. Joint Economic Committee and published by . This book was released on 1977 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt: Some years include minority, supplemental, and dissenting views.

Download or read book Labor Force Data Needs for Macroeconomic Planning and Projects written by Nancy Smith Barrett and published by . This book was released on 1979 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Committee Publications and Policies Governing Their Distribution written by United States. Congress. Joint Economic Committee and published by . This book was released on 1985 with total page 64 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book The 1977 Joint Economic Report written by United States. Congress. Joint Economic Committee and published by . This book was released on 1977 with total page 288 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Simple Multivariate Filter for Estimating Potential Output written by Patrick Blagrave and published by International Monetary Fund. This book was released on 2015-04-07 with total page 30 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estimates of potential output are an important ingredient of structured forecasting and policy analysis. Using information on consensus forecasts, this paper extends the multivariate filter developed by Benes and others (2010). Although the estimates in real time are more robust relative to those of naïve statistical filters, there is still significant uncertainty surrounding the estimates. The paper presents estimates for 16 countries and provides an example of how the filtered estimates at the end of the sample period can be improved with additional information.

Download or read book Labor Literature written by United States. Department of Labor. Library and published by . This book was released on 1977 with total page 660 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Estimates of Potential Output and the Neutral Rate for the U S Economy written by Ali Alichi and published by International Monetary Fund. This book was released on 2018-07-06 with total page 31 pages. Available in PDF, EPUB and Kindle. Book excerpt: 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.