The seminar will start at 3pm in Visitor Centre.
Abstract
This paper performs a comprehensive analysis on the Hungarian potential output. Since the concept of potential output is not unique, we present various interpretations of the potential GDP along with a large set of techniques for estimating it. Various estimates are presented and robustness analyses performed. Finally, an illustrative scenario is set forth for the following few years.
Keywords: potential output, output gap, production function, business cycle, filtering
JEL: E32, C22, C32