Alternative Methods of Estimating Potential Output and the Output Gap: An Application to Sweden
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Summary:
This paper reviews a number of different methods that can be used to estimate potential output and the output gap. Measures of potential output and the output gap are useful to help identify the scope for sustainable noninflationary growth and to allow an assessment of the stance of macroeconomic policies. The paper then compares results from some of these methods to the case of Sweden, showing the range of estimates.
Series:
Working Paper No. 2000/059
Subject:
Inflation Labor Output gap Potential output Prices Production Unemployment Unemployment rate
Notes:
Sweta Chaman Saxena is from the University of Pittsburgh.
English
Publication Date:
March 1, 2000
ISBN/ISSN:
9781451847932/1018-5941
Stock No:
WPIEA0592000
Pages:
33
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