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035   $a(OCoLC)694141130
035   $a(IMF)WPIEE2006068
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035   $aWPIEA2006068
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100   $a20020129d2006      uf         0
101 0 $aeng
135   $aur|n|---|||||
181   $ctxt
182   $cc
183   $acr
200 14$aThe Utilization-Adjusted Output Gap : $eIs the Russian Economy Overheating? /$fNienke Oomes, Oksana Dynnikova
205   $a1st ed.
210  1$aWashington, D.C. :$cInternational Monetary Fund,$d2006.
215   $a1 online resource (46 p.)
225 1 $aIMF Working Papers
300   $a"March 2006."
311 08$a9781451863284 
311 08$a1451863284 
320   $aIncludes bibliographical references.
327   $a""Contents""; ""I. INTRODUCTION""; ""II. THE NONACCELERATING INFLATION RATE OF FACTOR UTILIZATION""; ""III. FACTOR UTILIZATION IN RUSSIA""; ""A. Capacity Utilization""; ""B. Labor Utilization""; ""C. Estimating the Natural Rate""; ""IV. OUTPUT GAP ESTIMATES""; ""A. Trend Fitting and Statistical Filtering""; ""B. Production Function Approach""; ""V. CONCLUSIONS""; ""I. Characteristics and Methodology of Capacity Utilization Surveys""; ""II. Econometric NAICU Estimates""; ""III. Statistical Methods for Estimating the Output Gap""; ""References""
330 3 $aThis paper estimates the output gap in Russia using a utilization-adjusted production function approach, which we argue is preferable to traditional output gap methods. The approach amounts to (1) using available surveys to estimate the "natural rates" of capacity and labor utilization above which inflation begins to accelerate; (2) estimating a production function with utilization-adjusted capital and labor inputs; and (3) defining potential output as the level of output obtained when both capital and labor are at their estimated natural rates. The results suggest that the output gap in Russia was negative between 1999 and 2003, but may have recently become positive, thus contributing to inflationary pressures.
410  0$aIMF Working Papers; Working Paper ;$vNo. 2006/068
606   $aInflation (Finance)$zRussia$xEconometric models
606   $aInput-output analysis$zRussia$xEconometric models
606   $aPhillips curve$xEconometric models
606   $aCapacity utilization$2imf
606   $aDeflation$2imf
606   $aEconomic theory$2imf
606   $aIncome economics$2imf
606   $aIndustrial capacity$2imf
606   $aInflation$2imf
606   $aLabor Economics Policies$2imf
606   $aLabor economics$2imf
606   $aLabor Economics: General$2imf
606   $aLabor policy$2imf
606   $aLabor$2imf
606   $aLabour$2imf
606   $aMacroeconomics$2imf
606   $aMacroeconomics: Production$2imf
606   $aOutput gap$2imf
606   $aPrice Level$2imf
606   $aPrices$2imf
606   $aProduction and Operations Management$2imf
606   $aProduction$2imf
607   $aRussian Federation$2imf
615  0$aInflation (Finance)$xEconometric models.
615  0$aInput-output analysis$xEconometric models.
615  0$aPhillips curve$xEconometric models.
615  7$aCapacity utilization
615  7$aDeflation
615  7$aEconomic theory
615  7$aIncome economics
615  7$aIndustrial capacity
615  7$aInflation
615  7$aLabor Economics Policies
615  7$aLabor economics
615  7$aLabor Economics: General
615  7$aLabor policy
615  7$aLabor
615  7$aLabour
615  7$aMacroeconomics
615  7$aMacroeconomics: Production
615  7$aOutput gap
615  7$aPrice Level
615  7$aPrices
615  7$aProduction and Operations Management
615  7$aProduction
700   $aOomes$b Nienke$01816466
701   $aDynnikova$b Oksana$01816467
712 02$aInternational Monetary Fund.$bEuropean Dept.
712 02$aInternational Monetary Fund.$bPolicy Development and Review Dept.
801  0$bDcWaIMF
906   $aBOOK
912   $a9910970501503321
996   $aThe Utilization-Adjusted Output Gap$94372561
997   $aUNINA