What Is in Your Output Gap?: Unified Framework & Decomposition into Observables
This paper discusses several popular methods to estimate the 'output gap'. It provides a unified, natural concept for the analysis, and demonstrates how to decompose the output gap into contributions of observed data on output, inflation, unemployment, and other variables. A simple bar-cha...
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Format: | Elektronisch E-Book |
Sprache: | English |
Veröffentlicht: |
Washington, D.C
International Monetary Fund
2013
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Schriftenreihe: | IMF Working Papers
Working Paper No. 13/105 |
Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
Zusammenfassung: | This paper discusses several popular methods to estimate the 'output gap'. It provides a unified, natural concept for the analysis, and demonstrates how to decompose the output gap into contributions of observed data on output, inflation, unemployment, and other variables. A simple bar-chart of contributing factors, in the case of multi-variable methods, sharpens the intuition behind the estimates and ultimately shows 'what is in your output gap.' The paper demonstrates how to interpret effects of data revisions and new data releases for output gap estimates (news effects) and how to obtain more insight into real-time properties of estimators |
Beschreibung: | 1 Online-Ressource (45 p) |
ISBN: | 1484399552 9781484399552 |
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spelling | Andrle, Michal Verfasser aut What Is in Your Output Gap? Unified Framework & Decomposition into Observables Andrle, Michal Washington, D.C International Monetary Fund 2013 1 Online-Ressource (45 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 13/105 This paper discusses several popular methods to estimate the 'output gap'. It provides a unified, natural concept for the analysis, and demonstrates how to decompose the output gap into contributions of observed data on output, inflation, unemployment, and other variables. A simple bar-chart of contributing factors, in the case of multi-variable methods, sharpens the intuition behind the estimates and ultimately shows 'what is in your output gap.' The paper demonstrates how to interpret effects of data revisions and new data releases for output gap estimates (news effects) and how to obtain more insight into real-time properties of estimators Online-Ausg http://elibrary.imf.org/view/IMF001/20465-9781484399552/20465-9781484399552/20465-9781484399552.xml Verlag URL des Erstveröffentlichers Volltext |
spellingShingle | Andrle, Michal What Is in Your Output Gap? Unified Framework & Decomposition into Observables |
title | What Is in Your Output Gap? Unified Framework & Decomposition into Observables |
title_auth | What Is in Your Output Gap? Unified Framework & Decomposition into Observables |
title_exact_search | What Is in Your Output Gap? Unified Framework & Decomposition into Observables |
title_exact_search_txtP | What Is in Your Output Gap? Unified Framework & Decomposition into Observables |
title_full | What Is in Your Output Gap? Unified Framework & Decomposition into Observables Andrle, Michal |
title_fullStr | What Is in Your Output Gap? Unified Framework & Decomposition into Observables Andrle, Michal |
title_full_unstemmed | What Is in Your Output Gap? Unified Framework & Decomposition into Observables Andrle, Michal |
title_short | What Is in Your Output Gap? |
title_sort | what is in your output gap unified framework decomposition into observables |
title_sub | Unified Framework & Decomposition into Observables |
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