A comparison of alternative methodologies for estimating potential output and the output gap / by Chantal Dupasquier, Alain Guay and Pierre St-Amant. : FB3-2/97-5E-PDF
In this paper, the authors survey some of the recent techniques proposed in the literature to measure the trend component or potential output.... The paper focuses on three simple multivariate methodologies: the multivariate Beveridge-Nelson methodology (MBN), Cochrane's methodology (CO), and the structural VAR methodology with long-run restrictions applied to output (LRRO). The foundation of these methodologies is first discussed and then applications to U.S. output and consumption data are considered.--Abstract
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| Department/Agency | Bank of Canada. |
|---|---|
| Title | A comparison of alternative methodologies for estimating potential output and the output gap / by Chantal Dupasquier, Alain Guay and Pierre St-Amant. |
| Series title | Bank of Canada working paper1701-939797-5 |
| Publication type | Series - View Master Record |
| Language | [English] |
| Format | Electronic |
| Electronic document | |
| Other formats | Paper-[English] |
| Note(s) | "In this paper, the authors survey some of the recent techniques proposed in the literature to measure the trend component or potential output.... The paper focuses on three simple multivariate methodologies: the multivariate Beveridge-Nelson methodology (MBN), Cochrane's methodology (CO), and the structural VAR methodology with long-run restrictions applied to output (LRRO). The foundation of these methodologies is first discussed and then applications to U.S. output and consumption data are considered."--Abstract. The ISBN (0-662-25462-7) and ISSN (1192-5434) for the print edition have been incorrectly copied in this electronic publication. Bibliography. Résumé en français. |
| Publishing information | Ottawa - Ontario : Bank of Canada February 1997. |
| Description | 27p.graphs, table |
| ISSN | 1701-9397 |
| Catalogue number |
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| Subject terms | Economy |