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Estimates of Potential Output and the Neutral Rate for the U.S. Economy
Series:Working Paper No. 18/152
ISBN 9781484366325
Code: #WPIEA2018152

Publication year: 2018

Cdn: $27.00; US: $23.50
Paperback
Language: English
32 pages
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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.
Estimates of Potential Output and the Neutral Rate for the U.S. Economy
Cdn: $27.00; US: $23.50
International Monetary Fund (IMF) BookID: 123082 Added: 2018.7.6