A theory-consistent system approach for estimating potential output and the NAIRU

Economics Letters

Volumn 64, Issue 3, 1999, Pages 271-275

  Apel, Mikael ^a   Jansson, Per ^a  

^a SVERIGES RIKSBANK   (Sweden)

Author keywords

C32; E32; NAIRU; Okun's law; Phillips curve; Potential output; Unobserved components models

Indexed keywords

EID: 0033435637     PISSN: 01651765     EISSN: None     Source Type: Journal    
DOI: 10.1016/s0165-1765(99)00111-1     Document Type: Article

References (6)

1. Apel, M., Jansson, P., 1999. System estimates of potential output and the NAIRU. Empirical Economics, forthcoming.
2. Clark P.K. Trend reversion in real output and unemployment. Journal of Econometrics. 40:1989;15-32.
3. Giorno C., Richardson P., Roseveare D., van den Noord P. Estimating potential output, output gaps and structural budget balances. OECD Economic Studies. 24:1995;167-209.
4. Gordon R.J. The time-varying NAIRU and its implications for economic policy. Journal of Economic Perspectives. 11:1997;11-32.
5. Hamilton J.D. Time Series Analysis. 1994;Princeton University Press, Princeton, NJ.
6. Moosa I.A. A cross-country comparison of Okun's coefficient. Journal of Comparative Economics. 24:1997;335-356.