| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3379 |
| DP3379 Testing for Localization Using Micro-Geographic Data | |
| Gilles Gilles Duranton; Henry Overman | |
| 发表日期 | 2002-05-20 |
| 出版年 | 2002 |
| 语种 | 英语 |
| 摘要 | This Paper estimates output gaps for Hong Kong, Korea, the Philippines, Singapore and Taiwan, employing the HP filter and unobservable-components (UC) techniques. The latter approach assumes that actual output is the sum of potential output, which follows a random walk with a time-varying drift, and a stationary output gap. While the results imply that UC methods are useful in estimating output gaps in Asia, simple Phillips curves suggest that the information contents of the two measures of the gap are essentially identical. The main advantage of the UC technique is that it allows the construction of confidence bands for the gap. |
| 主题 | International Macroeconomics |
| 关键词 | Output gaps Unobservable components Kalman filtering |
| URL | https://cepr.org/publications/dp3379 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532403 |
| 推荐引用方式 GB/T 7714 | Gilles Gilles Duranton,Henry Overman. DP3379 Testing for Localization Using Micro-Geographic Data. 2002. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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