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

Steady as She Goes-Estimating Potential Output During Financial "Booms and Busts"
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 driving the real economy. This paper uses a simple multivariate filtering approach to illustrate the role financial variables play in... READ MORE...

Publication date: November 2015
ISBN 9781513503271
$18.00

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