Output Gap Uncertainty and Real-Time Monetary Policy /

Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central role in monetary policy of assessments of economic activity relative to capacity. We show that countr...

Cur síos iomlán

Sonraí bibleagrafaíochta
Príomhchruthaitheoir: Grigoli, Francesco
Rannpháirtithe: Di Bella, Gabriel, Herman, Alexander, Swiston, Andrew
Formáid: IRIS
Teanga:English
Foilsithe / Cruthaithe: Washington, D.C. : International Monetary Fund, 2015.
Sraith:IMF Working Papers; Working Paper ; No. 2015/014
Rochtain ar líne:Full text available on IMF