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A Simple Multivariate Filter for Estimating Potential Output

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by Patrick Blagrave & Roberto Garcia-Saltos
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A Simple Multivariate Filter for Estimating Potential Output by Patrick Blagrave & Roberto Garcia-Saltos

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 na?ve 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.

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Ebook Details
Pages: 30
Size: 3.5 MB
Date published:   2015
ISBN: 9781484322697 (DRM-EPUB)

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This product is listed in the following categories:

Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Economics > Macroeconomics

These authors have products in the following categories:

Nonfiction > Business & Economics
Nonfiction > Business & Economics > Inflation
Nonfiction > Business & Economics > Economics
Nonfiction > Business & Economics > International > Economics
Nonfiction > Business & Economics > Economics > Macroeconomics

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