Series: IMF Working Papers
Author(s): Andreas Billmeier
Publisher: INTERNATIONAL MONETARY FUND
Publication Date: 01 August 2004
Keywords: Output gap, inflation forecasting, forecasting, statistics, statistic, inflationary pressures, Prices, Business Fluctuations, and Cycles: Forecasting and Simulation,
This paper investigates various output gap measures in a simple inflation forecasting framework. Reflecting the cyclical position of an economy, an (unobservable) output gap has important implications for economic...