The production function approach to the Belgian output gap, Estimation of a Multivariate Structural Time Series Model
A multivariate structural time series model is applied to the factor inputs of a production function (or components thereof) to estimate the Belgian output gap. The usefulness of capacity utilization is also investigated but the variable is not given a prominent status. The number of independent cycles - there may be more than one - and the frequencies retained in the cycles are not restricted a priori. To allow for leads and lags between variables, phase shifts à la Rünstler are introduced at a later stage. Additivity of leads and lags is not imposed. Over 1983-2004, a 3.5 years periodicity i... Mehr ...
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Dokumenttyp: | doc-type:workingPaper |
Erscheinungsdatum: | 2006 |
Verlag/Hrsg.: |
Brussels: National Bank of Belgium
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Schlagwörter: | ddc:330 / C32 / E32 / Business cycle / output gap / phase shifts / structural time series models / Konjunktur / Bruttoinlandsprodukt / Produktionspotenzial / Kapazitätsauslastung / Produktionsfunktion / Zeitreihenanalyse / Belgien |
Sprache: | Englisch |
Permalink: | https://search.fid-benelux.de/Record/base-28883147 |
Datenquelle: | BASE; Originalkatalog |
Powered By: | BASE |
Link(s) : | http://hdl.handle.net/10419/144303 |