| dc.creator |
Kamada, Koichiro |
|
| dc.date |
2004 |
|
| dc.date.accessioned |
2013-10-16T07:05:12Z |
|
| dc.date.available |
2013-10-16T07:05:12Z |
|
| dc.date.issued |
2013-10-16 |
|
| dc.identifier |
http://hdl.handle.net/10419/19481 |
|
| dc.identifier |
ppn:391525239 |
|
| dc.identifier |
RePEc:zbw:bubdp1:2159 |
|
| dc.identifier.uri |
http://koha.mediu.edu.my:8181/xmlui/handle/10419/19481 |
|
| dc.description |
This paper examines the methods used by the Bank of Japan for the estimation of the output gap. Attention is paid to the real-time estimation problem. After reviewing the evolution of output gap estimation at the Bank, I discuss advantages and disadvantages of the various output gap measures. First, I examine the usefulness of the output gap for inflation forecasting and show that the real-time output gap sometimes includes much noise. Second, I investigate the implications of the real-time estimation problem for the policy evaluation. Third, I exploit TANKAN to enhance the usefulness of the real-time output gap. |
|
| dc.language |
eng |
|
| dc.relation |
Discussion paper Series 1 / Volkswirtschaftliches Forschungszentrum der Deutschen Bundesbank 2004,14 |
|
| dc.rights |
http://www.econstor.eu/dspace/Nutzungsbedingungen |
|
| dc.subject |
E31 |
|
| dc.subject |
E32 |
|
| dc.subject |
E52 |
|
| dc.subject |
E58 |
|
| dc.subject |
ddc:330 |
|
| dc.subject |
output gap |
|
| dc.subject |
real-time estimation |
|
| dc.subject |
inflation forecasting |
|
| dc.subject |
Taylor Rule |
|
| dc.subject |
Kapazitätsauslastung |
|
| dc.subject |
Schätzung |
|
| dc.subject |
Inflation |
|
| dc.subject |
Prognoseverfahren |
|
| dc.subject |
Geldpolitik |
|
| dc.subject |
Taylor-Regel |
|
| dc.subject |
Japan |
|
| dc.title |
Real-Time Estimation of the Output Gap in Japan and its Usefulness for Inflation Forecasting and Policymaking |
|
| dc.type |
doc-type:workingPaper |
|