discussed in the Annex, this methodology, which estimates the output gap by an HP-filtered...sophisticated production function methodology, while for the CEE-8 we used the...
Svi statistički podaci temelje se na podacima u logu (osim
za neto izvoz), HP-filtriranima...Svi statistički podaci temelje se na
podacima u logu (osim za neto izvoz),...
HP filter as a proxy for long term values is suggested in literature....target balance specifications were tried: TB of -7% of GDP, TB of 0% of GDP and...
All the statistics are based on
logged (except for the net exports) and HP-filtered...All the statistics are
based on logged (except for the net exports) and...
lagged
coefficients:
If interest rates are mean reverting, IR at t will lead to HP...to t1
• It will also temporarily push up house prices at t1
• But it push down...
