A new production function estimate of the euro area output gap

We develop a new version of the production function (PF) approach for estimating the output gap of the euro area. Assuming a CES (constant elasticity of substitution) technology, our model does not call for any (often imprecise) measure of the capital stock and improves the estimation of the trend t...

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Bibliographic details
Volume:	29
Main Author:	Lemoine, M Mazzi, G.L Monperrus-Veroni, P Reynes, F.G.D
Format:	Journal Article
Language:	English
Place of publication:	Chichester, UK John Wiley & Sons, Ltd 2010 JOHN WILEY & SONS LTD
published in:	Journal of forecasting Vol. 29; no. 1-2; pp. 29 - 53
Related:	Environmental Economics
Data of publication:	2010
ISSN:	0277-6693 1099-131X
EISSN:	1099-131X
Discipline:	Economics Social Sciences (General) Business
Bibliography:	December 2007. This paper is based on a report for Eurostat: ‘Real time estimation of potential output, output gap, NAIRU and Phillips curve for Euro‐zone’, part of the Advanced statistical and econometric techniques for the analysis of PEEIs EUROSTAT Project
Subjects:	state‐space models production function potential output Economics Business & Economics Social Sciences Management potential output state-space models TIME MODEL production function UNEMPLOYMENT ACCURACY
Online Access:	available in Bonn?
Database:	NARCIS:Publications NARCIS NARCIS: Datasets Social Sciences Citation Index Web of Knowledge Web of Science - Social Sciences Citation Index - 2010 Web of Science CrossRef Database information Databases - DBIS