@misc{33903,
title = {Minding the Output Gap: A Hamilton Filter Approach and Updated Estimates for the Brazilian Economy},
author = {Rossi, José Luiz and Sousa, José Eduardo Gonçalves de and Gutiérrez Briceño, Jose Alejandro},
year = {2023},
doi = {10.18235/0004981},
abstract = {This paper develops an alternative approach for estimating the potential output and the output gap, intending to serve as a good balance between a simple low data requiring method and a powerful but complex structural approach. We rely on the Hamiltons Regression Filter properties to generate a statistically robust estimator of the potential Gross Domestic Product level which overcomes the problems associated to the Hodrick-Prescott filter and improves the Production Function Approach (PFA). Furthermore, we use this methodology to update the estimates of the potential output and output gap for the Brazilian economy.},
url = {https://doi.org/10.18235/0004981}
}