Ghostbusting : Which Output Gap Measure Really Matters?

Which Output Gap Measure Really Matters?

Ghostbusting : Which Output Gap Measure Really Matters?
This paper investigates various output gap measures in a simple inflation forecasting framework. Reflecting the cyclical position of an economy, an (unobservable) output gap has important implications for economic analysis. I construct and compare common output gap measures for five European countries. Since output above potential reflects... READ MORE...

Publication date: August 2004
ISBN 9781451856675
$15.00

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