Corpus ID: 15839609

Bank of Japan Working Paper Series ing Potential Growth with mated DSGE Model of s Economy

@inproceedings{Fueki2010BankOJ,
  title={Bank of Japan Working Paper Series ing Potential Growth with mated DSGE Model of s Economy},
  author={T. Fueki and Ichiro Fukunaga and Hibiki Ichiue and Toyoichiro Shirota},
  year={2010}
}
In this paper, we calculate the potential output and the output gap using a Bayesian-estimated DSGE model of Japan’s economy. The model is a two-sector growth model that takes into account growth rate shocks including investment-goods sector-specific technological progress. For bridging the gap with conventional measures, we define our measure of potential output as a component of the efficient output generated only by growth rate shocks. Our potential growth displays a high degree of… Expand
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References

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