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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書目詳細資料
主要作者: Grigoli, Francesco
其他作者: Di Bella, Gabriel, Herman, Alexander, Swiston, Andrew
格式: 雜誌
語言:English
出版: Washington, D.C. : International Monetary Fund, 2015.
叢編:IMF Working Papers; Working Paper ; No. 2015/014
在線閱讀:Full text available on IMF