ON THE MOLDOVAN ECONOMY’S POTENTIAL OUTPUT AND OUTPUT GAP: EVIDENCE FROM THE HODRICK-PRESCOTT FILTER

ON THE MOLDOVAN ECONOMY’S POTENTIAL OUTPUT AND OUTPUT GAP: EVIDENCE FROM THE HODRICK-PRESCOTT FILTER

This paper introduces the notion of an economy’s potential output, its output gap and its output gap rate, analyses the properties of the Hodrick-Prescott filter drawing from the studies in the literature, and proceeds to estimate and discuss Moldova’s potential output, its output gap and its output...

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Bibliographic Details
Main Author: Apostolos Papaphilippou
Format: Article
Language:English
Published: National Institute for Economic Research 2024-06-01
Series:Economy and Sociology
Subjects:
potential output
output gap
hodrick-prescott filter
moldova
Online Access:https://economy-sociology.ince.md/index.php/Economy_and_Sociology/article/view/176/188
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