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Variance of the output as a function of time: Production line dynamics

✍ Scribed by Barιş Tan


Book ID
108445469
Publisher
Elsevier Science
Year
1999
Tongue
English
Weight
389 KB
Volume
117
Category
Article
ISSN
0377-2217

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## 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