Potential Output in the Seven Major OECD Countries:
This paper outlines the concepts and methods used by the OECD Secretariat to derive estimates of potential output and capacity utilisation for the major seven countries. While there are many alternative definitions of potential output, the one which is currently being used by the OECD Secretariat re...
Saved in:
| Main Author: | |
|---|---|
| Other Authors: | |
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Paris
OECD Publishing
1989
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| Series: | OECD Economics Department Working Papers
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| Subjects: | |
| Online Access: | Volltext |
| Summary: | This paper outlines the concepts and methods used by the OECD Secretariat to derive estimates of potential output and capacity utilisation for the major seven countries. While there are many alternative definitions of potential output, the one which is currently being used by the OECD Secretariat refers to the level of output that is consistent over the medium-term with stable inflation. The paper also contrasts the OECD approach and estimates with those published recently by the IMF. Finally, it presents the results of some INTERLINK simulations designed to illustrate some of the possible effects of faster productivity and potential output growth on macroeconomic performance ... |
| Physical Description: | 1 Online-Ressource (44 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/756608308425 |
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| spelling | Torres, Raymond Verfasser aut Potential Output in the Seven Major OECD Countries Raymond Torres and John P. Martin Paris OECD Publishing 1989 1 Online-Ressource (44 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper outlines the concepts and methods used by the OECD Secretariat to derive estimates of potential output and capacity utilisation for the major seven countries. While there are many alternative definitions of potential output, the one which is currently being used by the OECD Secretariat refers to the level of output that is consistent over the medium-term with stable inflation. The paper also contrasts the OECD approach and estimates with those published recently by the IMF. Finally, it presents the results of some INTERLINK simulations designed to illustrate some of the possible effects of faster productivity and potential output growth on macroeconomic performance ... Economics Martin, John P... ctb https://doi.org/10.1787/756608308425 Verlag kostenfrei Volltext |
| spellingShingle | Torres, Raymond Potential Output in the Seven Major OECD Countries Economics |
| title | Potential Output in the Seven Major OECD Countries |
| title_auth | Potential Output in the Seven Major OECD Countries |
| title_exact_search | Potential Output in the Seven Major OECD Countries |
| title_exact_search_txtP | Potential Output in the Seven Major OECD Countries |
| title_full | Potential Output in the Seven Major OECD Countries Raymond Torres and John P. Martin |
| title_fullStr | Potential Output in the Seven Major OECD Countries Raymond Torres and John P. Martin |
| title_full_unstemmed | Potential Output in the Seven Major OECD Countries Raymond Torres and John P. Martin |
| title_short | Potential Output in the Seven Major OECD Countries |
| title_sort | potential output in the seven major oecd countries |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/756608308425 |
| work_keys_str_mv | AT torresraymond potentialoutputinthesevenmajoroecdcountries AT martinjohnp potentialoutputinthesevenmajoroecdcountries |