Estimating Potential Output, Output Gaps and Structural Budget Balances:
This paper reviews the methods used for estimating potential output in OECD countries and the use of the resulting output gaps for the calculation of structural budget balances. The "split time trend" method for estimating trend output that was previously used for calculating structural bu...
Gespeichert in:
| 1. Verfasser: | |
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| Weitere Verfasser: | , , |
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Paris
OECD Publishing
1995
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| Schriftenreihe: | OECD Economics Department Working Papers
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| Schlagworte: | |
| Online-Zugang: | UBA01 UBG01 UEI01 UER01 UPA01 UBR01 UBW01 FFW01 FNU01 EUV01 FRO01 FHR01 FHN01 TUM01 FHI01 UBM01 Volltext |
| Zusammenfassung: | This paper reviews the methods used for estimating potential output in OECD countries and the use of the resulting output gaps for the calculation of structural budget balances. The "split time trend" method for estimating trend output that was previously used for calculating structural budget balances is compared with two alternative methods, smoothing real GDP using a Hodrick Prescott filter and estimating potential output using a production function approach. It is concluded that the production function approach for estimating potential output provides the best method for estimating output gaps and for calculating structural budget balances, with the results obtained by smoothing GDP providing a cross check. New tax and expenditure elasticities, along with the potential output gaps, are used to derive structural budget balances ... |
| Beschreibung: | 1 Online-Ressource (53 Seiten) 21 x 29.7cm |
| DOI: | 10.1787/533876774515 |
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Datensatz im Suchindex
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T19:35:06Z |
| indexdate | 2024-07-10T09:25:41Z |
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| language | English |
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| spelling | Giorno, Claude Verfasser aut Estimating Potential Output, Output Gaps and Structural Budget Balances Claude Giorno ... [et al] = Estimation de la production potentielle, des écarts du production et les soldes budgétaires structurels / Claude Giorno ... [et al] Estimation de la production potentielle, des écarts du production et les soldes budgétaires structurels Paris OECD Publishing 1995 1 Online-Ressource (53 Seiten) 21 x 29.7cm txt rdacontent c rdamedia cr rdacarrier OECD Economics Department Working Papers This paper reviews the methods used for estimating potential output in OECD countries and the use of the resulting output gaps for the calculation of structural budget balances. The "split time trend" method for estimating trend output that was previously used for calculating structural budget balances is compared with two alternative methods, smoothing real GDP using a Hodrick Prescott filter and estimating potential output using a production function approach. It is concluded that the production function approach for estimating potential output provides the best method for estimating output gaps and for calculating structural budget balances, with the results obtained by smoothing GDP providing a cross check. New tax and expenditure elasticities, along with the potential output gaps, are used to derive structural budget balances ... Economics Richardson, Pete ctb Roseveare, Deborah ctb van den Noord, Paul ctb https://doi.org/10.1787/533876774515 Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Giorno, Claude Estimating Potential Output, Output Gaps and Structural Budget Balances Economics |
| title | Estimating Potential Output, Output Gaps and Structural Budget Balances |
| title_alt | Estimation de la production potentielle, des écarts du production et les soldes budgétaires structurels |
| title_auth | Estimating Potential Output, Output Gaps and Structural Budget Balances |
| title_exact_search | Estimating Potential Output, Output Gaps and Structural Budget Balances |
| title_exact_search_txtP | Estimating Potential Output, Output Gaps and Structural Budget Balances |
| title_full | Estimating Potential Output, Output Gaps and Structural Budget Balances Claude Giorno ... [et al] = Estimation de la production potentielle, des écarts du production et les soldes budgétaires structurels / Claude Giorno ... [et al] |
| title_fullStr | Estimating Potential Output, Output Gaps and Structural Budget Balances Claude Giorno ... [et al] = Estimation de la production potentielle, des écarts du production et les soldes budgétaires structurels / Claude Giorno ... [et al] |
| title_full_unstemmed | Estimating Potential Output, Output Gaps and Structural Budget Balances Claude Giorno ... [et al] = Estimation de la production potentielle, des écarts du production et les soldes budgétaires structurels / Claude Giorno ... [et al] |
| title_short | Estimating Potential Output, Output Gaps and Structural Budget Balances |
| title_sort | estimating potential output output gaps and structural budget balances |
| topic | Economics |
| topic_facet | Economics |
| url | https://doi.org/10.1787/533876774515 |
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