Format:
Online-Ressource (25 p)
Edition:
Online-Ausg.
ISBN:
1455201324
,
9781455201327
Series Statement:
IMF Working Papers Working Paper No. 10/149
Content:
The paper constructs a new output gap measure for Vietnam by applying Bayesian methods to a two-equation AS-AD model, while treating the output gap as an unobservable series to be estimated together with other parameters. Model coefficients are easily interpretable, and the output gap series is consistent with a broader analysis of economic developments. Output gaps obtained from the HP detrending are subject to larger revisions than series obtained from a suitably adjusted model, and may be misleading compared to the model-based measure
Additional Edition:
Erscheint auch als Druck-Ausgabe Maliszewski, Wojciech Vietnam: Bayesian Estimation of Output Gap Washington, D.C. : International Monetary Fund, 2010 ISBN 9781455201327
Language:
English
DOI:
10.5089/9781455201327.001
