Template-Type: ReDIF-Paper 1.0
Author-Name:  Szilárd Benk
Author-X-Name-First:  Szilárd
Author-X-Name-Last: Benk
Author-Email:  benksz@mnb.hu
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Name:  Zoltán M. Jakab
Author-X-Name-First:  Zoltán M.
Author-X-Name-Last: Jakab
Author-Email:  jakabz@mnb.hu
Author-Workplace-Name: Magyar Nemzeti Bank
Author-Name:  Gábor Vadas
Author-X-Name-First:  Gábor
Author-X-Name-Last: Vadas
Author-Email:  vadasg@mnb.hu
Author-Workplace-Name: Magyar Nemzeti Bank

Title:  Potential Output Estimations for Hungary: A Survey of Different Approaches

Abstract:  This paper is a comprehensive analysis of Hungary’s potential output. Since the concept of potential output is not unique, we present various interpretations of potential GDP, along with a large set of techniques for estimating it. Various estimates are presented and robustness analyses are performed. Finally, an illustrative scenario is outlined for the forthcoming few years.

Length: 48 pages
Creation-Date: 2005
File-URL: http://www.mnb.hu/letoltes/op-43.pdf
File-Format: Application/pdf

Number: 2005/43
Classification-JEL: E32, C22, C32.
Keywords: potential output, output gap, production function, business cycle, filtering.
Handle: RePEc:mnb:opaper:2005/43