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Determination of the Output Gap for the Russian Economy
[Определение Разрыва Выпуска Для Российской Экономики]

Author

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  • Vashchelyuk, N.V. (Ващелюк, Н.В.)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA))

  • Zubarev, Andrey (Зубарев, Андрей)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA), Gaidar Institute for Economic Policy)

  • Trunin, Pavel (Трунин, Павел)

    (Russian Presidential Academy of National Economy and Public Administration (RANEPA), Gaidar Institute for Economic Policy)

Abstract

This study focuses on the estimation of the output gap in the Russian economy. The first part is devoted to the review of the methods used to determine the output gap, which include one-dimensional statistical procedures, structural and semi-structural models. In the second part we provide estimates of the output gap using the Hodrick-Prescott filter, as well as models of unobservable components.

Suggested Citation

  • Vashchelyuk, N.V. (Ващелюк, Н.В.) & Zubarev, Andrey (Зубарев, Андрей) & Trunin, Pavel (Трунин, Павел), 2016. "Determination of the Output Gap for the Russian Economy [Определение Разрыва Выпуска Для Российской Экономики]," Working Papers 2137, Russian Presidential Academy of National Economy and Public Administration.
    • Handle: RePEc:rnp:wpaper:2137
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    Cited by:

    1. E. A. Orlova & D. R. Belousov & D. I. Galimov, 2020. "A Model of Potential GDP and Output Gap for the Russian Economy," Studies on Russian Economic Development, Springer, vol. 31(2), pages 171-180, March.
    2. Boris I. Alekhin, 2020. "Tax Smoothing in Russia," Finansovyj žhurnal — Financial Journal, Financial Research Institute, Moscow 125375, Russia, issue 2, pages 9-24, April.

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    Keywords

    output gap; Russian economy; Hodrick-Prescott filter;
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