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Estimating Sri Lanka’s Potential Output

In this paper we present various techniques to estimate Sri Lanka’s potential output and output gap, including statistical and model-based approaches. Compared to conventional statistical filters that rely exclusively on information in a single series, the model-based approaches allow potential outp...

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Bibliographic Details
Main Author: Ding, Ding
Other Authors: Nelmes, John, Perera, Roshan, Tulin, Volodymyr
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2014
Series:IMF Working Papers
Subjects:
Inflation
Labour; Income Economics
Potential Output
Dynamic Treatment Effect Models
Output Gap
Deflation
Unemployment: Models, Duration, Incidence, And Job Search
Production
Unemployment
Diffusion Processes
Production; Economic Theory
Labor
Time-series Models
Macroeconomics: Production
Industrial Capacity
Price Level
Capacity Utilization
Forecasting And Other Model Applications
Prices
Macroeconomics
Unemployment Rate
Dynamic Quantile Regressions
State Space Models
Production And Operations Management
Sri Lanka
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:In this paper we present various techniques to estimate Sri Lanka’s potential output and output gap, including statistical and model-based approaches. Compared to conventional statistical filters that rely exclusively on information in a single series, the model-based approaches allow potential output estimates to incorporate information contained in observable data series including inflation, actual output, unemployment and capacity utilization. The estimation results suggest that Sri Lanka’s potential output has risen slightly in the last few years
Physical Description:16 pages
ISBN:9781484333938

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