Please use this identifier to cite or link to this item:
https://www.um.edu.mt/library/oar/handle/123456789/33243| Title: | Investigating potential output using the Hodrick-Prescott filter : an application for Malta |
| Authors: | Grech, Aaron George |
| Keywords: | Equilibrium (Economics) -- Malta Economic development -- Malta Business cycles -- Malta States, Small -- Economic conditions |
| Issue Date: | 2014 |
| Publisher: | Central Bank of Malta |
| Citation: | Grech, A.G. (2014). Investigating potential output using the Hodrick-Prescott filter : an application for Malta. Central Bank of Malta WP/02/2014. |
| Abstract: | Modern economics assumes that in the long run an economy develops in a balanced way, with full employment of resources and a constant inflation rate. The output level thereby achieved is called 'potential output'. Knowing the extent of the output gap, or the deviation from this equilibrium, is crucial both to guide discretionary policy and to help set an environment conducive to higher long-term growth. Consequently substantial research has been carried out to devise methods to determine the equilibrium output of an economy. |
| URI: | https://www.um.edu.mt/library/oar//handle/123456789/33243 |
| Appears in Collections: | 2014 |
Files in This Item:
| File | Description | Size | Format | |
|---|---|---|---|---|
| Investigating_potential_output_using_the_Hodrick-Prescott_filter_2014.pdf | 920 kB | Adobe PDF | View/Open |
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