Coverart for item
The Resource A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries, by Jiří Podpiera, Faezeh Raei, and Ara Stepanyan

A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries, by Jiří Podpiera, Faezeh Raei, and Ara Stepanyan

Label
A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries
Title
A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries
Statement of responsibility
by Jiří Podpiera, Faezeh Raei, and Ara Stepanyan
Creator
Contributor
Subject
Language
eng
Summary
Was the postcrisis growth slowdown in Central, Eastern and Southeastern Europe (CESEE) structural or cyclical? We use three different methods-production function approach, basic multivariate filter, and multivariate filter with financial frictions-to evaluate potential growth and output gaps for 18 CESEE countries during 2000-15. Our findings suggest that potential growth weakened significantly after the crisis across most countries in the region. This decline appears to be largely due to stagnant productivity and weaker capital accumulation, which were associated with common external factors, including trading partners' slow potential growth, but also decline in global trade and stalled expansion of global value chains. Our estimates suggest that output gaps in 2015 were largely closed in many countries in the region
Member of
http://library.link/vocab/creatorDate
1976-
http://library.link/vocab/creatorName
Podpiera, Jiří
Dewey number
330.943
Index
no index present
Literary form
non fiction
Nature of contents
dictionaries
http://library.link/vocab/relatedWorkOrContributorName
  • Raei, Faezeh
  • Stepanyan, Ara
Series statement
IMF Working Papers,
http://library.link/vocab/subjectName
  • Europe, Central
  • Europe, Eastern
  • Balkan Peninsula
Label
A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries, by Jiří Podpiera, Faezeh Raei, and Ara Stepanyan
Instantiates
Publication
Contents
  • Cover; Contents; Abstract; I. Introduction; II. Methodology; A. HP Filter; B. Multivariate Filtering Approach; C. Multivariate Filter with Financial Frictions; D. Production Function Approach; E. How can different approaches be reconciled?; III. Results; A. Potential Growth and its Drivers; B. How Large Were Output Gaps in 2015?; IV. Conclusions; References; FIGURES; 1. CESEE EU: Comovement of Cyclical Variables; 2: Information used in Different Methods of Estimating Potential Output; 3. CESEE: Potential Growth Estimates; 4. CESEE: Common and Idiosyncratic Factors of Potential Growth
  • 5. CESEE: Output Gap Estimates Using Different Methodologies6. CESEE: Potential Growth Estimates Using Different Methodologies; 7. Output Gaps in 2015; 8. Inflation rates; TABLES; 1. Correlations between intensity measures of capital and labor utilization; 2. CESEE: Output Gap Estimates, 2015 (percent of potential output); 3. CESEE: Potential Growth Estimates, 2015 (y-o-y, percent); APPENDICES; A.A comparison of output gap estimates using different indicators to identify; B. CESEE Countries' Potential Growth and Output Gaps
  • C. CESEE Countries' Potential Growth Decomposition (using production function approach)D. Decomposing Potential Growth into Common and Idiosyncratic; E. Data Sources and Variables Used for each Methodology
Control code
ocn979108706
Dimensions
unknown
Extent
1 online resource (38 pages)
Form of item
online
Isbn
9781475584592
Issn
1018-5941
Note
eBooks on EBSCOhost
Specific material designation
remote
System control number
(OCoLC)979108706
Label
A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries, by Jiří Podpiera, Faezeh Raei, and Ara Stepanyan
Publication
Contents
  • Cover; Contents; Abstract; I. Introduction; II. Methodology; A. HP Filter; B. Multivariate Filtering Approach; C. Multivariate Filter with Financial Frictions; D. Production Function Approach; E. How can different approaches be reconciled?; III. Results; A. Potential Growth and its Drivers; B. How Large Were Output Gaps in 2015?; IV. Conclusions; References; FIGURES; 1. CESEE EU: Comovement of Cyclical Variables; 2: Information used in Different Methods of Estimating Potential Output; 3. CESEE: Potential Growth Estimates; 4. CESEE: Common and Idiosyncratic Factors of Potential Growth
  • 5. CESEE: Output Gap Estimates Using Different Methodologies6. CESEE: Potential Growth Estimates Using Different Methodologies; 7. Output Gaps in 2015; 8. Inflation rates; TABLES; 1. Correlations between intensity measures of capital and labor utilization; 2. CESEE: Output Gap Estimates, 2015 (percent of potential output); 3. CESEE: Potential Growth Estimates, 2015 (y-o-y, percent); APPENDICES; A.A comparison of output gap estimates using different indicators to identify; B. CESEE Countries' Potential Growth and Output Gaps
  • C. CESEE Countries' Potential Growth Decomposition (using production function approach)D. Decomposing Potential Growth into Common and Idiosyncratic; E. Data Sources and Variables Used for each Methodology
Control code
ocn979108706
Dimensions
unknown
Extent
1 online resource (38 pages)
Form of item
online
Isbn
9781475584592
Issn
1018-5941
Note
eBooks on EBSCOhost
Specific material designation
remote
System control number
(OCoLC)979108706

Library Locations

    • InternetBorrow it
      Albany, Auckland, 0632, NZ
Processing Feedback ...