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Israel Selected Issues and Statistical Appendix

The estimated potential output growth decelerated from 4.9 percent in the third quarter of 2000 to 4.2 percent in the first quarter of 2001. In the Israeli context, the sharp and exogenous nature of shocks at the end of 2000 complicated the task of estimation. The paper presents potential output est...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2001
Series:IMF Staff Country Reports
Subjects:
Inflation
Labour
Potential Output
Output Gap
Deflation
Unemployment: Models, Duration, Incidence, And Job Search
Production
Unemployment
Cyclical Unemployment
Labor
Macroeconomics: Production
Price Level
Prices
Macroeconomics
Economic Theory
Income Economics
Production Growth
Production And Operations Management
Israel
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:The estimated potential output growth decelerated from 4.9 percent in the third quarter of 2000 to 4.2 percent in the first quarter of 2001. In the Israeli context, the sharp and exogenous nature of shocks at the end of 2000 complicated the task of estimation. The paper presents potential output estimates using the Hodrick-Prescott (HP) filter and the unobserved components approach. The potential output and the nonaccelerating inflation rate of unemployment estimates have been obtained simultaneously. The statistical data are also presented in the paper
Physical Description:65 pages
ISBN:9781451819519

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