Does the Gap Model Work in Asia?:
There is considerable evidence from industrial countries that the output gap is an important determinant of inflation. We examine whether the gap model also works in developing, newly industrializing, and industrial Asian economies. Our output gaps are based on a new nonparametric estimation procedu...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
1996
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 96/69 |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | There is considerable evidence from industrial countries that the output gap is an important determinant of inflation. We examine whether the gap model also works in developing, newly industrializing, and industrial Asian economies. Our output gaps are based on a new nonparametric estimation procedure for trend output that does not require an arbitrary specification of the degree to which the data are smoothed. We test simple versions of the gap model in which the change in inflation is related to the output gap, as well as to the money supply and the terms of trade. We conclude that the gap model works very well in almost all of the Asian economies we study |
| Beschreibung: | 1 Online-Ressource (26 p) |
| ISBN: | 1451960743 9781451960747 |
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| spelling | McDermott, C. John Verfasser aut Does the Gap Model Work in Asia? McDermott, C. John Washington, D.C International Monetary Fund 1996 1 Online-Ressource (26 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 96/69 There is considerable evidence from industrial countries that the output gap is an important determinant of inflation. We examine whether the gap model also works in developing, newly industrializing, and industrial Asian economies. Our output gaps are based on a new nonparametric estimation procedure for trend output that does not require an arbitrary specification of the degree to which the data are smoothed. We test simple versions of the gap model in which the change in inflation is related to the output gap, as well as to the money supply and the terms of trade. We conclude that the gap model works very well in almost all of the Asian economies we study Online-Ausg Coe, David T. Sonstige oth http://elibrary.imf.org/view/IMF001/01842-9781451960747/01842-9781451960747/01842-9781451960747.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | McDermott, C. John Does the Gap Model Work in Asia? |
| title | Does the Gap Model Work in Asia? |
| title_auth | Does the Gap Model Work in Asia? |
| title_exact_search | Does the Gap Model Work in Asia? |
| title_exact_search_txtP | Does the Gap Model Work in Asia? |
| title_full | Does the Gap Model Work in Asia? McDermott, C. John |
| title_fullStr | Does the Gap Model Work in Asia? McDermott, C. John |
| title_full_unstemmed | Does the Gap Model Work in Asia? McDermott, C. John |
| title_short | Does the Gap Model Work in Asia? |
| title_sort | does the gap model work in asia |
| url | http://elibrary.imf.org/view/IMF001/01842-9781451960747/01842-9781451960747/01842-9781451960747.xml |
| work_keys_str_mv | AT mcdermottcjohn doesthegapmodelworkinasia AT coedavidt doesthegapmodelworkinasia |