Author/Editor: Niels-Jakob H Hansen, Joannes Mongardini, Fan Zhang.

Release Date:August, 2019

Output gap estimates are widely used to inform macroeconomic policy decisions, including in Korea. The main determinant of these estimates is the measure of labor market slack. The traditional more...

Author/Editor: Ali Alichi, Olivier Bizimana, Douglas Laxton, Kadir Tanyeri, Hou Wang, Jiaxiong Yao, Fan Zhang.

Release Date:May, 2017

Estimates of potential output are an important component of a structured forecasting and policy analysis system. Using information on capacity utilization, this paper extends the multivariate filter more...

Author/Editor: Jaromir Benes, Kevin Clinton, Asish George, Joice John, Ondra Kamenik, Douglas Laxton, Pratik Mitra, G V Nadhanael, Hou Wang, Fan Zhang.

Release Date:February, 2017

India formally adopted flexible inflation targeting (FIT) in June 2016 to place price stability, defined in terms of a target CPI inflation, as the primary objective of monetary policy. In this more...

Author/Editor: Jaromir Benes, Kevin Clinton, Asish George, Pranav Gupta, Joice John, Ondra Kamenik, Douglas Laxton, Pratik Mitra, G V Nadhanael, Rafael Portillo, Hou Wang, Fan Zhang.

Release Date:February, 2017

This paper outlines the key features of the production version of the quarterly projection model (QPM), which is a forward-looking open-economy gap model, calibrated to represent the Indian case, for more...

Author/Editor: Roberto Garcia-Saltos, Fan Zhang, Iulia Ruxandra Teodoru.

Release Date:December, 2016

This paper presents estimates of potential output for all Central American economies. Our findings are that potential output growth has declined in recent years in most economies of Central America. more...

Author/Editor: Ali Alichi, Olivier Bizimana, Silvia Domit, Emilio Fernández Corugedo, Douglas Laxton, Kadir Tanyeri, Hou Wang, Fan Zhang.

Release Date:December, 2015

The estimates of potential output and the output gap presented in this paper are not official IMF estimates. The
 programs and potential output estimates in this paper can be downloaded from more...

Author/Editor: Patrick Blagrave, Roberto Garcia-Saltos, Douglas Laxton, Fan Zhang.

Release Date:April, 2015

Estimates of potential output are an important ingredient of structured forecasting and policy analysis. Using information on consensus forecasts, this paper extends the multivariate filter developed more...

Author/Editor: Patrick Blagrave, Peter Elliott, Roberto Garcia-Saltos, Douglas Hostland, Douglas Laxton, Fan Zhang.

Release Date:December, 2013

We extend the Global Projection Model (GPM) to include a separate block for China. China plays an important role in shaping global economic outcomes, given its sheer size and trade integration with more...