Guatemala: Selected Issues and Analytical Notes

August 2, 2013

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Guatemala: Selected Issues and Analytical Notes, (USA: International Monetary Fund, 2013) accessed October 16, 2024

Summary

This Selected Issues paper estimates both Guatemala’s potential output and output gap using a wide range of econometric techniques. The analysis suggests that Guatemala’s potential output growth is about 3.5 percent for the whole sample period and that the output gap is almost closed. Results are highly robust among different methodologies. Among the methods used, several well-known time series filters and two different estimations of a state-space model are included. Additionally, a test for structural breaks in the series of potential GDP is presented. All methodologies conclude that the output gap at the end of 2012 is almost closed at -0.2 percent of potential GDP.

Subject: Basel III, Financial regulation and supervision, Fiscal consolidation, Fiscal policy, Output gap, Potential output, Production, Public debt, Revenue administration

Keywords: Basel III, Caribbean, CR, Creditor position, Debtor position, Europe, Fiscal consolidation, Fund staff estimate, Global, Guatemala, ISCR, Monetary policy rate, Net, Output gap help, Potential output

Publication Details

Pages:

39
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/248
Stock No:

1GTMEA2013002
ISBN:

9781475578256
ISSN:

1934-7685

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