A Multivariate Filter for Measuring Potential Output and the NAIRU Application to the Czech Republic

A Multivariate Filter for Measuring Potential Output and the NAIRU Application to the Czech Republic
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 READ MORE...

Publication date: March 2004
ISBN 9781451846508
$15.00

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