UID:
edoccha_9958124398302883
Format:
1 online resource (35 p.)
ISBN:
1-5135-7280-6
,
1-5135-2346-5
Series Statement:
IMF Working Papers
Content:
The gap between potential and actual output—the output gap—is a key variable for policymaking. This paper adapts the methodology developed in Blagrave and others (2015) to estimate the path of output gap in the U.S. economy. The results show that the output gap has considerably shrunk since the Great Recession, but still remains negative. While the results are more robust than other existing methodologies, there is still significant uncertainty surrounding the estimates.
Note:
Description based upon print version of record.
,
""Cover Page""; ""Title Page""; ""Copyright Page""; ""Contents""; ""I. Introduction""; ""II. Definitions""; ""III. Existing Methodologies""; ""IV. Methodology""; ""V. Results""; ""VI. Dealing with the End-of-Sample Problem""; ""VII. Conclusion""; ""Appendix I: Estimation Results""; ""Appendix II: Labor Force Participation Projections""; ""References""; ""Footnotes""
,
English
Additional Edition:
ISBN 1-5135-0756-7
Language:
English
