Mind the Gap : What is the Best Measure of Slack in the Euro Area? /

Assessing the magnitude of the output gap is critical to achieving an optimal policy mix. Unfortunately, the gap is an unobservable variable, which, in practice, has been estimated in a variety of ways, depending on the preferences of the modeler. This model selection problem leads to a substantial...

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Dettagli Bibliografici
Autore principale: Ubide, Angel
Altri autori: Ross, Kevin
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2001.
Serie:IMF Working Papers; Working Paper ; No. 2001/203
Accesso online:Full text available on IMF