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Steady as She Goes-Estimating Potential Output During Financial 'Booms and Busts'

Steady as She Goes-Estimating Potential Output During Financial 'Booms and Busts' »

Volume/Issue: 2015/233

Series: IMF Working Papers

Author(s): Helge Berger , Thomas Dowling , Sergi Lanau , Mico Mrkaic , Pau Rabanal , and Marzie Taheri Sanjani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2015

DOI: http://dx.doi.org/10.5089/9781513503271.001

ISBN: 9781513503271

Keywords: Output gap, variables, gdp, demand, Financial Markets and the Macroeconomy, Model Construction and Estimation, Estimation, All Countries,

Potential output-in the sense of the GDP level or path an economy can sustain over the medium term-is a crucial benchmark for policymakers. However, it is difficult to estimate when financial 'booms and busts' are...

Steady as She Goes-Estimating Potential Output During Financial 'Booms and Busts'

Steady as She Goes-Estimating Potential Output During Financial 'Booms and Busts' »

Source: Steady as She Goes-Estimating Potential Output During Financial 'Booms and Busts'

Volume/Issue: 2015/233

Series: IMF Working Papers

Author(s): Helge Berger , Thomas Dowling , Sergi Lanau , Mico Mrkaic , Pau Rabanal , and Marzie Taheri Sanjani

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 09 November 2015

ISBN: 9781513503271

Keywords: Output gap, variables, gdp, demand, Financial Markets and the Macroeconomy, Model Construction and Estimation, Estimation, All Countries,

Potential output-in the sense of the GDP level or path an economy can sustain over the medium term-is a crucial benchmark for policymakers. However, it is difficult to estimate when financial 'booms and busts' are...