Alternative Methodologies for Measuring Kenya's Potential Output and Output Gap PDF Download
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Author: Angelica E. Njuguna
Publisher:
ISBN:
Category : Input-output analysis
Languages : en
Pages : 76
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Author: Angelica E. Njuguna
Publisher:
ISBN:
Category : Input-output analysis
Languages : en
Pages : 76
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Author: Valerie Cerra
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Author: Rose Ngugi
Publisher:
ISBN:
Category : Interest rates
Languages : en
Pages : 50
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Author: Ms.Valerie Cerra
Publisher: International Monetary Fund
ISBN: 1513536990
Category : Business & Economics
Languages : en
Pages : 50
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Book Description
Traditionally, economic growth and business cycles have been treated independently. However, the dependence of GDP levels on its history of shocks, what economists refer to as “hysteresis,” argues for unifying the analysis of growth and cycles. In this paper, we review the recent empirical and theoretical literature that motivate this paradigm shift. The renewed interest in hysteresis has been sparked by the persistence of the Global Financial Crisis and fears of a slow recovery from the Covid-19 crisis. The findings of the recent literature have far-reaching conceptual and policy implications. In recessions, monetary and fiscal policies need to be more active to avoid the permanent scars of a downturn. And in good times, running a high-pressure economy could have permanent positive effects.
Author: Mr.Jiaqian Chen
Publisher: International Monetary Fund
ISBN: 151352786X
Category : Business & Economics
Languages : en
Pages : 28
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We apply a range of models to the U.K. data to obtain estimates of the output gap. A structural VAR with an appropriate identification strategy provides improved estimates of output gap with better real time properties and lower sensitivity to temporary shocks than the usual filtering techniques. It also produces smaller out-of-sample forecast errors for inflation. At the same time, however, our results suggest caution in basing policy decisions on output gap estimates.
Author: Kenya National Library Service. National Reference & Bibliographic Department
Publisher:
ISBN:
Category : Kenya
Languages : en
Pages : 172
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Author:
Publisher:
ISBN:
Category : Fiscal policy
Languages : en
Pages : 82
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Author:
Publisher:
ISBN:
Category : Monetary policy
Languages : en
Pages : 60
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Author:
Publisher:
ISBN:
Category : Medical care
Languages : en
Pages : 82
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Author: Rose Ngugi
Publisher:
ISBN:
Category : Interest rates
Languages : en
Pages : 66
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