Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/83530
Authors: 
Benk, Szilárd
Jakab, Zoltán M.
Vadas, Gábor
Year of Publication: 
2005
Series/Report no.: 
MNB Occasional Papers 43
Abstract: 
This paper is a comprehensive analysis of Hungary's potential output. Since the concept of potential output is not unique, we present various interpretations of potential GDP, along with a large set of techniques for estimating it. Various estimates are presented and robustness analyses are performed. Finally, an illustrative scenario is outlined for the forthcoming few years.
Subjects: 
potential output
output gap
production function
business cycle
filtering
JEL: 
E32
C22
C32
Document Type: 
Working Paper

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