IMF paper proposes refinements to potential output estimation
Working paper uses simplified model to apply better in emerging markets
The International Monetary Fund researchers have proposed a method for estimating potential output which, they say, improves on previous attempts.
The working paper, A simple multivariate filter for estimating potential output, by Patrick Blagrave, Roberto Garcia-Saltos, Douglas Laxton and Fan Zhang, takes a multivariate approach in line with previous studies. However, the authors simplify the model to allow it to cope better with data limitations, and add expectations derived from surveys of
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