Modelos de Estimación de la Brecha de Producto: Aplicación al PIB de la República Dominicana.

Francisco, Ramirez (2011): Modelos de Estimación de la Brecha de Producto: Aplicación al PIB de la República Dominicana.

Abstract

This document compares the proprieties of different empirical methodologies to estimate the output gap and the potential output (non-observable variables of interest to the design of monetary policy and macroeconomic analysis) using Dominican Republic as a case of study. The output gap and potential output are estimated with three different methods: univariated filters, non-observable variables methodology; and structural autorregresive vector (SVAR). Also, using all measures of output gap, a Phillip’s curve is estimated with each measure to evaluate the usability of these in macroeconometric models of policy analysis and forecast.

• Item Type: MPRA Paper
• English Title: Models for Estimating the Output Gap: Application to the GDP of Dominican Republic.
• Language: Spanish
• Keywords: Potential Output; Unobserved Component Model; Structural VAR
• Subjects: C - Mathematical and Quantitative Methods > C3 - Multiple or Simultaneous Equation Models ; Multiple Variables > C32 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes ; State Space Models; C - Mathematical and Quantitative Methods > C5 - Econometric Modeling > C53 - Forecasting and Prediction Methods ; Simulation Methods; E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E37 - Forecasting and Simulation: Models and Applications

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