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The reliability of Canadian output-gap estimates

✍ Scribed by Jean-Philippe Cayen; Simon van Norden


Book ID
116761324
Publisher
Elsevier Science
Year
2005
Tongue
English
Weight
502 KB
Volume
16
Category
Article
ISSN
1062-9408

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## Abstract Potential output plays a central role in monetary policy and short‐term macroeconomic policy making. Yet, characterizing the output gap involves a trend‐cycle decomposition, and unobserved component estimates are typically subject to a large uncertainty at the sample end. An important c