Abstract | Keywords | Export | Availability | Bookmark

Choose an application

• Reference Manager
• EndNote
• RefWorks (Direct export to RefWorks)

This paper presents a multivariate (MV) methodology for obtaining measures of excess demand that can facilitate discussion of monetary policy issues and improve policy decisions. Using data for the Czech Republic, a growing economy undergoing major structural change, it shows how the use of more information to condition the paths of potential output and the non accelerating inflation rate of unemployment (NAIRU) improves on univariate methods as the Hodrick-Prescott (HP) filter.

Phillips curve. --- Unemployment --- Inflation (Finance) and unemployment --- Stagflation --- Inflation (Finance) --- Stagnation (Economics) --- Effect of inflation on. --- Mathematical models --- Effect of inflation on --- Banks and Banking --- Foreign Exchange --- Inflation --- Production and Operations Management --- Model Construction and Estimation --- Price Level --- Deflation --- Monetary Policy --- Macroeconomics: Production --- Interest Rates: Determination, Term Structure, and Effects --- Macroeconomics --- Finance --- Currency --- Foreign exchange --- Potential output --- Real interest rates --- Real exchange rates --- Output gap --- Production --- Prices --- Financial services --- Economic theory --- Interest rates --- Czech Republic