Labor Market Slack and the Output Gap: The Case of Korea

Released on by Mr.Niels-Jakob H Hansen
preview-18

  • Labor Market Slack and the Output Gap: The Case of Korea Book Detail

  • Author : Mr.Niels-Jakob H Hansen
  • Release Date : 2019-08-02
  • Publisher : International Monetary Fund
  • Genre : Business & Economics
  • Pages : 23
  • ISBN 13 : 1513511130
  • File Size : 56,56 MB
DOWNLOAD BOOK

Labor Market Slack and the Output Gap: The Case of Korea by Mr.Niels-Jakob H Hansen PDF Summary

Book Description: Output gap estimates are widely used to inform macroeconomic policy decisions, including in Korea. The main determinant of these estimates is the measure of labor market slack. The traditional measure of unemployment in Korea yields an incomplete estimate of labor market slack, given that many workers prefer involuntary part-time jobs or leaving the labor force rather than registering as unemployed. This paper discusses a way in which the measure of unemployment can be broadened to yield a more accurate measure of labor market slack. This broader measure is then used to estimate the output gap using a multivariate filter, yielding a more meaningful measure of the output gap.

Disclaimer: www.yourbookbest.com does not own Labor Market Slack and the Output Gap: The Case of Korea books pdf, neither created or scanned. We just provide the link that is already available on the internet, public domain and in Google Drive. If any way it violates the law or has any issues, then kindly mail us via contact us page to request the removal of the link.