AN ALTERNATIVE APPROACH TO MEASURING OUTPUT GAP

• Authors: Zeman Juraj
• Languages of publication: EN

Abstracts

EN

This paper tries to identify the inflationary pressures in the Slovak economy by two methods. The first method uses concept of output gap considered as a main determinant of the inflation dynamics. The traditional output gap is estimated by the structural vector autoregressive (SVAR) technique. An emphasis of the paper is however placed on a new way of looking at the inflation dynamics. The second method, based on this framework, uses the real unit labor cost in order to identify inflationary pressures in the Slovak economy.

Keywords

EN

INFLATION DYNAMICS; LABOR COST; SLOVAK ECONOMY

Discipline

• ECONOMICS: ECONOMICS

• Publisher: Institute of Slovak and World Economics and Institute for Forecasting, Slovak Academy of Sciences
• Journal: Ekonomický časopis (Journal of Economics)
• Year: 2006
• Volume: 54
• Issue: 4
• Pages: 337-351
• Document type: ARTICLE

Contributors

author

Zeman Juraj

• J. Zeman, Ekonomický ústav SAV, Sancová 56, 811 05 Bratislava 1, Slovak Republic

Identifiers

CEJSH db identifier

06SKAAAA01563425