المستودع الأكاديمي جامعة المدينة

Real-Time Estimation of the Output Gap in Japan and its Usefulness for Inflation Forecasting and Policymaking

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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


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