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Konuki, Tetsuya.

Estimating Potential Output and the Output Gap in Slovakia Tetsuya Konuki. [electronic resource] / Tetsuya Konuki. - Washington, D.C. : International Monetary Fund, 2008. - 1 online resource (22 p.) - IMF Working Papers; Working Paper ; No. 08/275 . - IMF Working Papers; Working Paper ; No. 08/275 .

This paper estimates potential output and the output gap for Slovakia which enjoyed rapid growth with few signs of economic overheating in recent years. It applies two broad sets of approaches: conventional methods, represented by a statistical method and a production function approach; and a multivariate (MV) Kalman filter method. The MV Kalman filter method produces estimates of excess demand that portray much more sensibly the situation in recent years in Slovakia than the conventional methods, because it can use more information to condition the paths of potential output.

ISBN: 1451871333 : 18.00 USD

ISSN: 1018-5941

Standard No.: 10.5089/9781451871333.001 doi

Subjects--Topical Terms:
Employment
Full-Employment
Kalman Filter
Real GDP
TFP

Subjects--Geographic Terms:
Slovak Republic
Slovakia