A Multivariate Filter for Measuring Potential Output and the NAIRU Application to the Czech Republic:
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Bibliographische Detailangaben
Beteilige Person: Benes, Jaromir (VerfasserIn)
Format: Elektronisch E-Book
Sprache:Englisch
Veröffentlicht: Washington, D.C International Monetary Fund 2004
Schriftenreihe:IMF Working Papers Working Paper No. 04/45
Links:http://elibrary.imf.org/view/IMF001/00073-9781451846508/00073-9781451846508/00073-9781451846508.xml
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http://elibrary.imf.org/view/IMF001/00073-9781451846508/00073-9781451846508/00073-9781451846508.xml
http://elibrary.imf.org/view/IMF001/00073-9781451846508/00073-9781451846508/00073-9781451846508.xml
http://elibrary.imf.org/view/IMF001/00073-9781451846508/00073-9781451846508/00073-9781451846508.xml
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http://elibrary.imf.org/view/IMF001/00073-9781451846508/00073-9781451846508/00073-9781451846508.xml
Abstract:This paper presents a multivariate (MV) methodology for obtaining measures of excess demand that can facilitate discussion of monetary policy issues and improve policy decisions. Using data for the Czech Republic, a growing economy undergoing major structural change, it shows how the use of more information to condition the paths of potential output and the non accelerating inflation rate of unemployment (NAIRU) improves on univariate methods as the Hodrick-Prescott (HP) filter
Umfang:1 Online-Ressource (31 p)
ISBN:1451846509
9781451846508