Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation This paper extends the multivariate filter approach of estimating potential output developed by Alichi and others (2018) to ...

Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those ...

The output gap measures how far the economy is from its full employment or “potential” level that depends on supply-side factors of the economy: the supply of workers and their productivity. During a ...

This paper makes four points about the recent dynamics of productivity and potential output. First, after accelerating in the mid-1990s, labor and total-factor productivity growth slowed after the ...

Simply sign up to the Global Economy myFT Digest -- delivered directly to your inbox. Towards the end of 2000, at the peak of America’s irrational exuberance, staff economists at the Federal Reserve ...

Discussions about the state of the economy tend to focus much more on the monthly wiggles in the data, the Fed’s latest program to stimulate spending, and the drama on Capitol Hill than on the ...