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150128 ||| eng |
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|a 9781451846508
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|a Benes, Jaromir
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|a A Multivariate Filter for Measuring Potential Output and the NAIRU Application to the Czech Republic
|c Jaromir Benes, Papa N'Diaye
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260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2004
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300 |
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|a 31 pages
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651 |
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4 |
|a Czech Republic
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|a Interest rates
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|a Inflation
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|a Finance
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|a Potential output
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|a Output gap
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|a Financial services
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|a Real interest rates
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|a Deflation
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|a Production
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|a Currency
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|a Model Construction and Estimation
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|a Macroeconomics: Production
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|a Price Level
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|a Foreign Exchange
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|a Banks and Banking
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|a Prices
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|a Macroeconomics
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|a Real exchange rates
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|a Interest Rates: Determination, Term Structure, and Effects
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|a Economic theory
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|a Monetary Policy
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|a Foreign exchange
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|a Production and Operations Management
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|a N'Diaye, Papa
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|a eng
|2 ISO 639-2
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|b IMF
|a International Monetary Fund
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|a IMF Working Papers
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|a 10.5089/9781451846508.001
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856 |
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|u https://elibrary.imf.org/view/journals/001/2004/045/001.2004.issue-045-en.xml?cid=17214-com-dsp-marc
|x Verlag
|3 Volltext
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|a 330
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|a This paper presents a multivariate (MV) methodology for obtaining measures of excess demand that can facilitate discussion of monetary policy issues and improve policy decisions. Using data for the Czech Republic, a growing economy undergoing major structural change, it shows how the use of more information to condition the paths of potential output and the non accelerating inflation rate of unemployment (NAIRU) improves on univariate methods as the Hodrick-Prescott (HP) filter
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