Labor market slack and the output gap :: the case of Korea /
Output gap estimates are widely used to inform macroeconomic policy decisions, including in Korea. The main determinant of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an incomplete estimate of labor market slack, given that many worke...
Gespeichert in:
| Hauptverfasser: | , , |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
[Washington, D.C.] :
International Monetary Fund,
[2019]
|
| Schriftenreihe: | IMF working paper ;
WP/19/167. |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | Output gap estimates are widely used to inform macroeconomic policy decisions, including in Korea. The main determinant of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an incomplete estimate of labor market slack, given that many workers prefer involuntary part-time jobs or leaving the labor force rather than registering as unemployed. This paper discusses a way in which the measure of unemployment can be broadened to yield a more accurate measure of labor market slack. This broader measure is then used to estimate the output gap using a multivariate filter, yielding a more meaningful measure of the output gap. |
| Beschreibung: | 1 online resource |
| Bibliographie: | Includes bibliographical references. |
| ISBN: | 1513511157 9781513511153 |
Internformat
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| 245 | 1 | 0 | |a Labor market slack and the output gap : |b the case of Korea / |c by Niels-Jakob Harbo Hansen, Joannes Mongardinim and Fan Zhang. |
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| 520 | 3 | |a Output gap estimates are widely used to inform macroeconomic policy decisions, including in Korea. The main determinant of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an incomplete estimate of labor market slack, given that many workers prefer involuntary part-time jobs or leaving the labor force rather than registering as unemployed. This paper discusses a way in which the measure of unemployment can be broadened to yield a more accurate measure of labor market slack. This broader measure is then used to estimate the output gap using a multivariate filter, yielding a more meaningful measure of the output gap. | |
| 650 | 0 | |a Labor market |z Korea (South) | |
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| 651 | 7 | |a Korea (South) |2 fast |1 https://id.oclc.org/worldcat/entity/E39QbtfRg3kwbTgW8wMXD4yWrY | |
| 700 | 1 | |a Mongardinim, Joannes, |e author. | |
| 700 | 1 | |a Zhang, Fan, |e author. | |
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| geographic_facet | Korea (South) |
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| illustrated | Not Illustrated |
| indexdate | 2024-11-26T14:49:35Z |
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| spelling | Hansen, Niels-Jakob Harbo, author. http://id.loc.gov/authorities/names/no2013053050 Labor market slack and the output gap : the case of Korea / by Niels-Jakob Harbo Hansen, Joannes Mongardinim and Fan Zhang. [Washington, D.C.] : International Monetary Fund, [2019] ©2019 1 online resource text txt rdacontent computer c rdamedia online resource cr rdacarrier IMF Working Paper ; WP/19/167 Includes bibliographical references. Online resource; title from PDF title page (IMF, viewed Sept. 8, 2020). Output gap estimates are widely used to inform macroeconomic policy decisions, including in Korea. The main determinant of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an incomplete estimate of labor market slack, given that many workers prefer involuntary part-time jobs or leaving the labor force rather than registering as unemployed. This paper discusses a way in which the measure of unemployment can be broadened to yield a more accurate measure of labor market slack. This broader measure is then used to estimate the output gap using a multivariate filter, yielding a more meaningful measure of the output gap. Labor market Korea (South) Marché du travail Corée du Sud. Labor market fast Korea (South) fast https://id.oclc.org/worldcat/entity/E39QbtfRg3kwbTgW8wMXD4yWrY Mongardinim, Joannes, author. Zhang, Fan, author. International Monetary Fund, issuing body. http://id.loc.gov/authorities/names/n81052755 has work: Labor market slack and the output gap (Text) https://id.oclc.org/worldcat/entity/E39PCFDjk7cKQwgRKKPrHGm9Kq https://id.oclc.org/worldcat/ontology/hasWork IMF working paper ; WP/19/167. http://id.loc.gov/authorities/names/no89010263 FWS01 ZDB-4-EBU FWS_PDA_EBU https://search.ebscohost.com/login.aspx?direct=true&scope=site&db=nlebk&AN=2242520 Volltext |
| spellingShingle | Hansen, Niels-Jakob Harbo Mongardinim, Joannes Zhang, Fan Labor market slack and the output gap : the case of Korea / IMF working paper ; Labor market Korea (South) Marché du travail Corée du Sud. Labor market fast |
| title | Labor market slack and the output gap : the case of Korea / |
| title_auth | Labor market slack and the output gap : the case of Korea / |
| title_exact_search | Labor market slack and the output gap : the case of Korea / |
| title_full | Labor market slack and the output gap : the case of Korea / by Niels-Jakob Harbo Hansen, Joannes Mongardinim and Fan Zhang. |
| title_fullStr | Labor market slack and the output gap : the case of Korea / by Niels-Jakob Harbo Hansen, Joannes Mongardinim and Fan Zhang. |
| title_full_unstemmed | Labor market slack and the output gap : the case of Korea / by Niels-Jakob Harbo Hansen, Joannes Mongardinim and Fan Zhang. |
| title_short | Labor market slack and the output gap : |
| title_sort | labor market slack and the output gap the case of korea |
| title_sub | the case of Korea / |
| topic | Labor market Korea (South) Marché du travail Corée du Sud. Labor market fast |
| topic_facet | Labor market Korea (South) Marché du travail Corée du Sud. Labor market Korea (South) |
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