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Statistical estimates of the deviations from the macroeconomic potential. An application to the economy of Bulgaria

Author

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  • Kaloyan Ganev

    (Agency for Economic Analysis & Forecasting)

Abstract

The paper reviews the basic statistical methods for estimation of the deviations from the production potential of the economy. The emphasis is put on the a-theoretical approaches. To illustrate the application of the models data for the Bulgarian economy have been used, and on the basis of the obtained estimates general conclusions on the state and the development of some macroeconomic processes have been made.

Suggested Citation

  • Kaloyan Ganev, 2004. "Statistical estimates of the deviations from the macroeconomic potential. An application to the economy of Bulgaria," Macroeconomics 0409010, University Library of Munich, Germany.
    • Handle: RePEc:wpa:wuwpma:0409010
    Note: Type of Document - pdf; pages: 25
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    References listed on IDEAS

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    Cited by:

    1. Ganev, Kaloyan, 2015. "A Small Model for Output Gap and Potential Growth Estimation. An Application to Bulgaria," MPRA Paper 63546, University Library of Munich, Germany.
    2. Dilian Vassilev, 2021. "A Model of Natural Interest Rate: The Case of Bulgaria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 7, pages 46-72.
    3. Ivan Todorov, 2017. "Bulgaria’s Cyclical Position and Market (Dis)equilibria," Economic Studies journal, Bulgarian Academy of Sciences - Economic Research Institute, issue 5, pages 30-64.

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    More about this item

    Keywords

    output gap; Bulgaria; filter; potential output;
    All these keywords.

    JEL classification:

    • E - Macroeconomics and Monetary Economics

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