External authors

András Simon

András Simon is the retired Head of Research at the Central Bank of Hungary.

Contact information

simonandras42@t-online.hu

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Working Paper

Filling the gap: open economy considerations for more reliable potential output estimates

Filling the gap: open economy considerations for more reliable potential output estimates

This paper proposes a novel structural model to estimate the equilibrium level of output and reports results for 45 countries. The model is conceptually more appropriate than existing methods by incorporating open economy considerations, which are completely missing from the models of the European Commission, IMF and OECD.

By: Zsolt Darvas and András Simon Topic: European Macroeconomics & Governance Date: October 22, 2015