01842cas a2200253 a 4500 AALejournalIMF006234 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451962093 1018-5941 BD-DhAAL BD-DhAAL Epstein, Natan. Estimating Poland's Potential Output : A Production Function Approach / Natan Epstein, Corrado Macchiarelli. Washington, D.C. : International Monetary Fund, 2010. 1 online resource (21 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The paper develops a methodology based on the production-function approach to estimate potential output of the Polish economy. The paper concentrates on obtaining a robust estimate of the labor input by deriving Poland's natural rate of unemployment. The estimated unemployment gap is found to track well pressures on resource constraints. Moreover, the overall results show that, prior to the recent global financial crisis, Poland's output and employment were both growing above potential. The production function is also used to derive medium-term projections of the output gap. According to our methodology, in the aftermath of the global crisis, Poland is not expected to experience a sizable and persistent negative output gap. Mode of access: Internet Macchiarelli, Corrado. IMF Working Papers; Working Paper ; No. 2010/015 Full text available on IMF http://elibrary.imf.org/view/journals/001/2010/015/001.2010.issue-015-en.xml IMF e-Library