The text discusses some used methods for estimating potential product and output gaps based on aggregated data for the Czech Republic. Though these methods exhibit some common features, an empirical comparison demonstrates that the various techniques differ substantially. In particular, the correlation of output gaps calculated with different methods is generally low , the methods imply different turning points. To conclude, the methods for estimating potential product a used have only limited information content for macroeconomics.
| Identifer | oai:union.ndltd.org:nusl.cz/oai:invenio.nusl.cz:11500 |
| Date | January 2009 |
| Creators | Krasnovský, Pavol |
| Contributors | Brůna, Karel, Kuncl, Martin |
| Publisher | Vysoká škola ekonomická v Praze |
| Source Sets | Czech ETDs |
| Language | Slovak |
| Detected Language | English |
| Type | info:eu-repo/semantics/masterThesis |
| Rights | info:eu-repo/semantics/restrictedAccess |
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