Potential Output Estimations for Hungary: A Survey of Different Approaches

Abstract

This paper is a comprehensive analysis of Hungary’s potential output. Since the concept of potential output is not unique, we present various interpretations of potential GDP, along with a large set of techniques for estimating it. Various estimates are presented and robustness analyses are performed. Finally, an illustrative scenario is outlined for the forthcoming few years.potential output, output gap, production function, business cycle, filtering.