Series: IMF Working Papers
Author(s): Michal Andrle
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 10 May 2013
Keywords: output gap, linear filters, observable decomposition, DSGE, inflation, unemployment, employment, monetary fund, central bank, General,
This paper discusses several popular methods to estimate the ‘output gap’. It provides a unified, natural concept for the analysis, and demonstrates how to decompose the output gap into contributions...