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A survey of alternative methodologies for estimating potential output and the output gap

✍ Scribed by Chantal Dupasquier; Alain Guay; Pierre St-Amant


Book ID
114130636
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
872 KB
Volume
21
Category
Article
ISSN
0164-0704

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## Abstract We develop a new version of the production function (PF) approach for estimating the output gap of the euro area. Assuming a CES (constant elasticity of substitution) technology, our model does not call for any (often imprecise) measure of the capital stock and improves the estimation o