Arbeitspapier
Did the Crisis Affect Potential Output?
Conventional Phillips-curve models that are used to estimate the output gap detect a substantial decline in potential output due to the present crisis. Using a multivariate state space model, we show that this result does not hold if the long run role of excess liquidity (that we estimate endogeneously) for inflation is taken into account.
- Sprache
-
Englisch
- Erschienen in
-
Series: IWH Discussion Papers ; No. 9/2010
- Klassifikation
-
Wirtschaft
- Thema
-
output gap
liquidity
state space models
Produktionslücke
Liquidität
Zustandsraummodelle
Wirtschaftspotenzial
Phillips-Kurve
Finanzmarktkrise
Wirtschaftskrise
Gesamtwirtschaftliche Liquidität
Zustandsraummodell
Schätzung
USA
- Ereignis
-
Geistige Schöpfung
- (wer)
-
El-Shagi, Makram
- Ereignis
-
Veröffentlichung
- (wer)
-
Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
- (wo)
-
Halle (Saale)
- (wann)
-
2010
- Handle
- URN
-
urn:nbn:de:101:1-2010070661
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- El-Shagi, Makram
- Leibniz-Institut für Wirtschaftsforschung Halle (IWH)
Entstanden
- 2010
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