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What Is in Your Output Gap? Unified Framework & Decomposition into Observables

What Is in Your Output Gap? Unified Framework & Decomposition into Observables »

Volume/Issue: 2013/105

Series: IMF Working Papers

Author(s): Michal Andrle

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2013

DOI: http://dx.doi.org/10.5089/9781484399552.001

ISBN: 9781484399552

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...

What Is in Your Output Gap? Unified Framework & Decomposition into Observables

What Is in Your Output Gap? Unified Framework & Decomposition into Observables »

Source: What Is in Your Output Gap? Unified Framework & Decomposition into Observables

Volume/Issue: 2013/105

Series: IMF Working Papers

Author(s): Michal Andrle

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 May 2013

ISBN: 9781484399552

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...