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
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...