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...

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Bibliografiska uppgifter
Huvudupphovsman: Grigoli, Francesco
Övriga upphovsmän: Di Bella, Gabriel, Herman, Alexander, Swiston, Andrew
Materialtyp: Tidskrift
Språk:English
Publicerad: Washington, D.C. : International Monetary Fund, 2015.
Serie:IMF Working Papers; Working Paper ; No. 2015/014
Länkar:Full text available on IMF