## Abstract We develop a new version of the production function (PF) approach for estimating the output gap of the euro area. Assuming a CES (constant elasticity of substitution) technology, our model does not call for any (often imprecise) measure of the capital stock and improves the estimation o
✦ LIBER ✦
The natural rate of interest and the output gap in the euro area: a joint estimation
✍ Scribed by Julien Garnier; Bjørn-Roger Wilhelmsen
- Publisher
- Springer-Verlag
- Year
- 2008
- Tongue
- English
- Weight
- 669 KB
- Volume
- 36
- Category
- Article
- ISSN
- 0377-7332
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