| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5060846 | Economics Letters | 2011 | 6 Pages |
Abstract
⺠We estimate the output gap for Canada on the basis of a permanent-transitory decomposition of output and the exchange rate using an unobserved components model. ⺠Empirical identification is based on a simple structural model of a small open economy in which transitory exchange rate movements are used to identify the output gap. ⺠The unobserved components and the structural parameters are jointly estimated using the Kalman filter and Bayesian technique.
Related Topics
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Authors
Tino Berger, Bernd Kempa,