Variation Index of the Output Gap (VIOG): A New Way of Testing Potential GDP Estimations

The potential GDP plays a fundamental role in macroeconomic models used by policymakers to make decisions. Its nature as an unobservable variable has led to the proposition of various estimation techniques based on different assumptions about its generating process. This work proposes a methodology...

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Autores:
Pinilla Barrera, Alejandro
Hurtado Rendón, Álvaro
Velásquez Ceballos, Hermilson
Tipo de recurso:
Fecha de publicación:
2024
Institución:
Universidad EAFIT
Repositorio:
Repositorio EAFIT
Idioma:
eng
OAI Identifier:
oai:repository.eafit.edu.co:10784/33716
Acceso en línea:
https://hdl.handle.net/10784/33716
Palabra clave:
potential GDP
output gap
business cycle
Taylor's rule
statistical filters
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