A structural var approach to estimating budget balance targets
نویسندگان
چکیده
منابع مشابه
Measuring the NAIRU: A structural VAR approach
We calculate the NAIRU for the U.S. in a framework where inflation and the unemployment rate can respond to each other. The NAIRU is defined as the component of the actual unemployment rate that is uncorrelated with inflation in the long run. Using a structural VAR approach, the NAIRU and core inflation can be estimated simultaneously. Our estimation results show that the NAIRU falls dramatical...
متن کاملWorking Paper No. 437 Estimating the impact of the volatility of shocks: a structural VAR approach
A large empirical literature has examined the transmission mechanism of structural shocks in great detail. The possible role played by changes in the volatility of shocks has largely been overlooked in vector autoregression based applications. This paper proposes an extended vector autoregression where the volatility of structural shocks is allowed to be time-varying and to have a direct impact...
متن کاملA Least Squares Approach to Estimating the Average Reservoir Pressure
Least squares method (LSM) is an accurate and rapid method for solving some analytical and numerical problems. This method can be used to estimate the average reservoir pressure in well test analysis. In fact, it may be employed to estimate parameters such as permeability (k) and pore volume (Vp). Regarding this point, buildup, drawdown, late transient test data, modified Muskat method, interfe...
متن کاملA Spurious Regression Approach to Estimating Structural Parameters∗
Economic models often imply that certain variables are cointegrated. However, tests often fail to reject the null hypothesis of no cointegration for these variables. One possible explanation of these test results is that the error is unit root nonstationary due to a nonstationary measurement error in one variable. For example, currency held by the domestic economic agents for legitimate transac...
متن کاملEstimating Potential Output: a semi-structural approach
As part of the new macroeconomic modelling project at the Reserve Bank of New Zealand, considerable effort has been directed towards constructing an historical estimate of the productive capacity of the New Zealand economy. The technique documented in this paper augments the stochastic-trend estimation approach of the Hodrick-Prescott (1997) filter with information from broad macroeconomic rela...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: New Zealand Economic Papers
سال: 2002
ISSN: 0077-9954,1943-4863
DOI: 10.1080/00779950209544368