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 countri...

Celý popis

Podrobná bibliografie
Hlavní autor: Billmeier, Andreas
Médium: Časopis
Jazyk:English
Vydáno: Washington, D.C. : International Monetary Fund, 2004.
Edice:IMF Working Papers; Working Paper ; No. 2004/146
On-line přístup:Full text available on IMF