How Informative Are Real Time Output Gap Estimates in Europe? /

We study the properties of the IMF-WEO estimates of real-time output gaps for countries in the euro area as well as the determinants of their revisions over 1994-2017. The analysis shows that staff typically saw economies as operating below their potential. In real time, output gaps tend to have lar...

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Chi tiết về thư mục
Tác giả chính: Kangur, Alvar
Tác giả khác: Kirabaeva, Koralai, Natal, Jean-Marc, Voigts, Simon
Định dạng: Tạp chí
Ngôn ngữ:English
Được phát hành: Washington, D.C. : International Monetary Fund, 2019.
Loạt:IMF Working Papers; Working Paper ; No. 2019/200
Truy cập trực tuyến:Full text available on IMF