Show simple item record

The Impact of Financial Factors on the Output Gap and Estimates of Potential Output Growth

dc.contributor.authorFelipe, Jesus
dc.contributor.authorSotocinal, Noli
dc.contributor.authorBayudan-Dacuycuy, Connie
dc.date.accessioned2015-10-06T12:23:43Z
dc.date.available2015-10-06T12:23:43Z
dc.date.issued2015-10-06
dc.identifier.issn2313-6537 (Print); 2313-6545 (e-ISSN)en_US
dc.identifier.urihttp://hdl.handle.net/11540/5201
dc.description.abstractThe authors examine the impact of financial factors on estimates of the output gap and potential output growth for the G-5 and 10 high- and middle-income Asian economies. Using a state-space model of the output gap with exogenously determined financial factors as regressors, they employ Bayesian methods to estimate the model parameters, and subsequently employ the Kalman filter to obtain estimates of potential output and potential output growth. They find that financial factors have positive and statistically significant effects on the output gap of the G-5 and high-income economies in Asia, but do not affect those of middleincome Asian economies. By accounting for the effects of financial factors on the output gap, the authors obtain finance-neutral estimates of potential output growth.en_US
dc.languageEnglishen_US
dc.publisherAsian Development Banken_US
dc.rightsCC BY 3.0 IGOen_US
dc.rights.urihttps://creativecommons.org/licenses/by/3.0/igoen_US
dc.titleThe Impact of Financial Factors on the Output Gap and Estimates of Potential Output Growthen_US
dc.subject.expertDevelopmenten_US
dc.subject.expertFinanceen_US
dc.subject.expertDevelopment Challengesen_US
dc.subject.expertDevelopment Issuesen_US
dc.subject.expertDevelopment Problemsen_US
dc.subject.adbCrisisen_US
dc.subject.adbEconomic Recessionen_US
dc.subject.adbInternational Financial Marketen_US
dc.subject.naturalDevelopment Banksen_US
dc.subject.naturalAsset allocationen_US
dc.subject.naturalTaxationen_US
dc.subject.naturalInput Outputen_US
dc.title.seriesEconomics Working Papersen_US
dc.title.volumeNo. 457en_US
oar.themeFinanceen_US
scholarcheck.prominentcontributor0
scholarcheck.peerreviewed0
scholarcheck.contributor.hascontributor0
scholarcheck.serial.hasserial0
scholarcheck.topic.cleartopic1
scholarcheck.topic.clearproblem1
scholarcheck.form.visualdata1
scholarcheck.form.references1
scholarcheck.form.logicalorder1
scholarcheck.language.technicaltone1
scholarcheck.language.technicalterms1
scholarcheck.language.hassummary1
oar.authorFelipe, Jesus
oar.authorSotocinal, Noli
oar.authorBayudan-Dacuycuy, Connie
oar.googlescholar.linkpresenttrue


Files in this item

Thumbnail
Name:
EWP_457_Potential Output Growth_5 ...
Size:
1.082Mb
Format:
PDF
Description:
PDF
View/Open

This item appears in the following Collection(s)

Show simple item record

Users also downloaded

  • Thumbnail

    Accountability Mechanism: Listening to Communities Affected by ADB-Assisted Projects and Enhancing Development Effectiveness 

    Asian Development Bank (Asian Development Bank, 2009-03-15)
    In May 2003, ADB approved a new accountability mechanism to replace the previous Inspection Function. The mechanism was established to provide better access for people adversely affected by ADBassisted projects to voice and seek solutions to their ...
  • Thumbnail

    Managing Reforms for Development: Political Economy of Reforms and Policy-Based Lending Case Studies 

    Abonyi, George; Bernardo, Romeo; Bolt, Richard; Duncan, Ronald; Tang, Christine (Asian Development Bank, 2013-01-01)
    The book’s intended readers are development practitioners involved in the policy reform process. It aims to help them understand political economy factors that shape actual outcomes, and to simplify the complexities of policy reform. Successful reform ...
  • Thumbnail

    Multilateralizing Asian Regionalism 

    Baldwin, Richard; Kawai, Masahiro (Asian Development Bank Institute, 2013-08-15)
    Motivated by the proliferation of free trade agreements (FTAs) in Asia over the last decade, this paper studies the challenges faced by the Asian “noodle bowl”—overlapping, multiple trade rules, regulations, and standards in Asia—in the process of ...