Estimating Poland's Potential Output: A Production Function Approach
The paper develops a methodology based on the production-function approach to estimate potential output of the Polish economy. The paper concentrates on obtaining a robust estimate of the labor input by deriving Poland''s natural rate of unemployment. The estimated unemployment gap is foun...
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| Main Author: | |
|---|---|
| Format: | Electronic eBook |
| Language: | English |
| Published: |
Washington, D.C
International Monetary Fund
2010
|
| Series: | IMF Working Papers
Working Paper No. 10/15 |
| Online Access: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Summary: | The paper develops a methodology based on the production-function approach to estimate potential output of the Polish economy. The paper concentrates on obtaining a robust estimate of the labor input by deriving Poland''s natural rate of unemployment. The estimated unemployment gap is found to track well pressures on resource constraints. Moreover, the overall results show that, prior to the recent global financial crisis, Poland''s output and employment were both growing above potential. The production function is also used to derive medium-term projections of the output gap. According to our methodology, in the aftermath of the global crisis, Poland is not expected to experience a sizable and persistent negative output gap |
| Physical Description: | 1 Online-Ressource (21 p) |
| ISBN: | 1451962096 9781451962093 |
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| index_date | 2024-07-03T20:13:30Z |
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| spelling | Epstein, Natan P. Verfasser aut Estimating Poland's Potential Output A Production Function Approach Epstein, Natan P Washington, D.C International Monetary Fund 2010 1 Online-Ressource (21 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 10/15 The paper develops a methodology based on the production-function approach to estimate potential output of the Polish economy. The paper concentrates on obtaining a robust estimate of the labor input by deriving Poland''s natural rate of unemployment. The estimated unemployment gap is found to track well pressures on resource constraints. Moreover, the overall results show that, prior to the recent global financial crisis, Poland''s output and employment were both growing above potential. The production function is also used to derive medium-term projections of the output gap. According to our methodology, in the aftermath of the global crisis, Poland is not expected to experience a sizable and persistent negative output gap Online-Ausg Macchiarelli, Corrado Sonstige oth http://elibrary.imf.org/view/IMF001/10672-9781451962093/10672-9781451962093/10672-9781451962093.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Epstein, Natan P. Estimating Poland's Potential Output A Production Function Approach |
| title | Estimating Poland's Potential Output A Production Function Approach |
| title_auth | Estimating Poland's Potential Output A Production Function Approach |
| title_exact_search | Estimating Poland's Potential Output A Production Function Approach |
| title_exact_search_txtP | Estimating Poland's Potential Output A Production Function Approach |
| title_full | Estimating Poland's Potential Output A Production Function Approach Epstein, Natan P |
| title_fullStr | Estimating Poland's Potential Output A Production Function Approach Epstein, Natan P |
| title_full_unstemmed | Estimating Poland's Potential Output A Production Function Approach Epstein, Natan P |
| title_short | Estimating Poland's Potential Output |
| title_sort | estimating poland s potential output a production function approach |
| title_sub | A Production Function Approach |
| url | http://elibrary.imf.org/view/IMF001/10672-9781451962093/10672-9781451962093/10672-9781451962093.xml |
| work_keys_str_mv | AT epsteinnatanp estimatingpolandspotentialoutputaproductionfunctionapproach AT macchiarellicorrado estimatingpolandspotentialoutputaproductionfunctionapproach |