This paper revisits the potential output of the Kyrgyz Republic considering recent structural shifts and external shocks, including the pandemic and the regional conflict. Utilizing a suite of ...

This paper examines how productivity dynamics and, as a consequence, potential output, are affected by energy price shocks. We do this through the lens of a model of endogenous technical change where ...

Okun’s Law represents an empirical relationship between changes in an economy’s output and fluctuations in unemployment. Initially formulated in the early 1960s, the law posits that variations in ...

The RBA’s forecasts suggest that the RBA is assuming a short-term neutral policy rate of just over 3% and a lower NAIRU of 4¼%. The RBA has marked down potential growth from 2¼% to 2% as it revised ...