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The (un)reliability of real-time output gap estimates with revised data

✍ Scribed by Ince, Onur; Papell, David H.


Book ID
123521896
Publisher
Elsevier Science
Year
2013
Tongue
English
Weight
365 KB
Volume
33
Category
Article
ISSN
0264-9993

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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