Estimates of Potential Output and the Neutral Rate for the U.S. Economy
Download or Read eBook Estimates of Potential Output and the Neutral Rate for the U.S. Economy PDF written by Ali Alichi and published by International Monetary Fund. This book was released on 2018-07-06 with total page 31 pages. Available in PDF, EPUB and Kindle.
Author | : Ali Alichi |
Publisher | : International Monetary Fund |
Total Pages | : 31 |
Release | : 2018-07-06 |
ISBN-10 | : 9781484367766 |
ISBN-13 | : 1484367766 |
Rating | : 4/5 (66 Downloads) |
Book Synopsis Estimates of Potential Output and the Neutral Rate for the U.S. Economy by : Ali Alichi
Book excerpt: Estimates of potential output and the neutral short-term interest rate play important roles in policy making. However, such estimates are associated with significant uncertainty and subject to significant revisions. This paper extends the structural multivariate filter methodology by adding a monetary policy block, which allows estimating the neutral rate of interest for the U.S. economy. The addition of the monetary policy block further improves the reliability of the structural multivariate filter.