Annex 1: Estimating the output gap for mainland Norway

Norges Bank. Inflation Report;  September 1, 2003 ;     700+ words ......The charts show the output gap as estimated by Norges Bank, Statistics Norway...Inflation Report 2/03, Norges Bank estimated that the output gap will narrow from 1...roughly the same path as Norges Bank's output gap, but is somewhat lower...

Evaluation of Norges Bank's projections for 2005.

Economic Bulletin;  July 1, 2006 ;     700+ words ......policy decisions. Norges Bank continuously...a later date. Norges Bank's view of the...estimate of the output gap. The output gap is the difference...over time. The output gap is thus an expression...economy. The output gap is not an ...

Simple monetary policymaking without the output gap.

Journal of Money, Credit & Banking;  September 1, 2006 ;     700+ words ......monetary policy that responds to the output gap will help stabilize inflation and output...1997) shows, due to the effect of the output gap on inflation, an optimal inflation-targeting...implies a monetary policy response to the output gap. In addition, the central bank may want...

The reliability of inflation forecasts based on output gap estimates in...

Journal of Money, Credit & Banking;  June 1, 2005 ;     700+ words ......from the economy's potential supply--the output gap --provides the basis for many formulations...motivation for a relationship between the output gap and inflation is fundamentally correct...potential output --and the accompanying output gap --that might be useful in practice is...

The output gap and its role in monetary policy decision-making.

The Reserve Bank of New Zealand;  March 1, 2003 ;     700+ words ......macroeconomics, the concept of the output gap is an important component of that link. Used in this context, the output gap provides a useful way of thinking...economy. This article discusses the output gap concept, its strengths and weaknesses...

MEASURING A ROLLER COASTER: EVIDENCE ON THE FINNISH OUTPUT GAP*

Finnish Economic Papers;  October 1, 2006 ;     700+ words ...The output gap - which measures the deviation of actual...economy. This article estimates the Finnish output gap using various empirical methods. It evaluates...article assesses and compares various output gap measures for policymaking purposes in...

The output gap in Norway--a comparison of different methods.

Economic Bulletin;  June 1, 2005 ;     700+ words ......referred to as potential output. The output gap, which measures the difference between...inflationary pressures in the economy. The output gap is not directly observable, and must...often produce different values for the output gap. In this article, a set of alternative...

Forecasting in Norges Bank.

Economic Bulletin;  October 1, 2006 ;     700+ words ...Norges Bank's forecasts of economic...economic variables and Norges Bank's interest rate forecast...forecasting. 1 Introduction Norges Bank's forecasting forms...forecasts have been based on Norges Bank's own interest rate...provide insight into Norges Bank's ...

Output gap lets in growth without inflation

The Independent - London;  March 7, 1994 ;     700+ words ......is a fair bet that the concept of the "output gap" was a determining factor in their decision...to derive an empirical estimate of the output gap in practice, and this leaves scope for...in the year ahead. Despite this, the output gap - or one of its close cousins - is so...

30 SECOND GUIDE TO. . .THE OUTPUT GAP.(Column)

The Daily Mail (London, England);  December 8, 2006 ;     198 words ...What is it? MIND the output gap - getting it wrong can seriously...and its actual growth. A positive output gap means the economy is expanding at...generating inflation. A negative output gap means growth is falling short of...

Mind the gap. (the output gap's effect on inflation)

The Economist (US);  March 26, 1994 ;     700+ words ......between actual and potential GDP as the output gap . Behind this concept lies the idea that...inflation falls. As economies recover, the output gap starts to shrink, but during the early...comfortably below its potential. Once the output gap has been closed, however, inflation will...

Preliminary evaluation of the projections in Inflation Report 1/04

Norges Bank. Inflation Report;  July 1, 2004 ;     700+ words ......ahead provide a basis for Norges Bank's monetary policy decisions. Norges Bank places emphasis on the...in the Annual Report. Norges Bank will now present a preliminary...projections and compare Norges Bank's projections with those...international upturn. The ...

Overview of boxes in Inflation Reports 2000-2004

Norges Bank. Inflation Report;  July 1, 2004 ;     446 words ......Financial stability Norges Bank's estimate of the output gap A change in...rate (*) The output gap Imported price...Evaluation of Norges Bank's projections...Evaluation of Norges Bank's projections...developments Output gap in the years...

Collateral for loans from Norges Bank--new rules.

Economic Bulletin;  April 1, 2006 ;     700+ words ...Norges Bank extends loans to banks against collateral in...bond market in Norway is relatively small, Norges Bank has up to now accepted a broad range of securities as collateral. Norges Bank has thereby accepted a higher level of risk...

DP2004/04: estimates of the output gap in real time: how well have we been...

The Reserve Bank of New Zealand;  September 1, 2004 ;     210 words ......real-time versus ex-post properties of the output gap as quantified by the Reserve Bank of...are three sources of revisions of the output gap: revisions of real GDP data, the end...the MV filter. The performance of the output gap with respect to signalling inflationary...