A menu on output gap estimation methods

被引：19

作者：

Alvarez, Luis J. ^{[1
]}

Gomez-Loscos, Ana ^{[1
]}

机构：

[1] Banco Espana, Alcala 48, Madrid 28014, Spain

来源：

JOURNAL OF POLICY MODELING | 2018年 / 40卷 / 04期

关键词：

Output gap; Potential output; Business cycle; Trend output; ESTIMATING POTENTIAL OUTPUT; FRIEDMANS PLUCKING MODEL; HODRICK-PRESCOTT FILTER; ECONOMIC TIME-SERIES; ESTIMATED DSGE MODEL; BUSINESS-CYCLE; NATURAL RATE; PERMANENT; TRENDS; RESTRICTIONS;

D O I：

10.1016/j.jpolmod.2017.03.008

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper presents a review of output gap modeling techniques, which are of special interest for policy making institutions. We distinguish between univariate - which estimate trend output on the basis of actual output, without taking into account the information contained in other variables-, and multivariate methods - which incorporate useful information on some other variables, based on economic theory. We present the main advantages and drawbacks of the different methods. (C) 2018 Published by Elsevier Inc. on behalf of The Society for Policy Modeling.

引用

页码：827 / 850

页数：24

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