Series: IMF Working Papers
Author(s): Wojciech Maliszewski
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 June 2010
Keywords: Output Gap, Unobservable Component Model, Bayesian Methods, equation, equations, real interest rate, monetary policy, Model Construction and Estimation, Viet Nam,
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 para...