Hidden Bibliographic Details
| Other authors / contributors: | Dynnikova, Oksana, author.
International Monetary Fund. European Department.
International Monetary Fund. Policy Development and Review Department.
|
|---|
| ISBN: | 1282474227
9781282474222
1451908644
9781451908640
1462325599
9781462325597
1452751161
9781452751160
9786613821751
6613821756
|
|---|
| Digital file characteristics: | text file
|
|---|
| Notes: | Includes bibliographical references.
Restrictions unspecified
Electronic reproduction. [Place of publication not identified] : HathiTrust Digital Library, 2010.
Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002. http://purl.oclc.org/DLF/benchrepro0212
English.
digitized 2010 HathiTrust Digital Library committed to preserve
Print version record.
|
|---|
| Summary: | This paper estimates the output gap in Russia using a utilization-adjusted production function approach, which we argue is preferable to traditional output gap methods. The approach amounts to (1) using available surveys to estimate the "natural rates" of capacity and labor utilization above which inflation begins to accelerate; (2) estimating a production function with utilization-adjusted capital and labor inputs; and (3) defining potential output as the level of output obtained when both capital and labor are at their estimated natural rates. The results suggest that the output gap in Russia was negative between 1999 and 2003, but may have recently become positive, thus contributing to inflationary pressures
|
|---|
| Other form: | Print version: Oomes, Nienke. Utilization-adjusted output gap. [Washington, D.C.] : International Monetary Fund, European Dept. and Policy Development and Review Dept., ©2006
|
|---|
| Standard no.: | 10.5089/9781451908640.001
|
|---|
