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Output Gap Uncertainty and Real-Time Monetary Policy
Language: en
Pages: 35
Authors: Francesco Grigoli
Categories: Business & Economics
Type: BOOK - Published: 2015-01-23 - Publisher: International Monetary Fund

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Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real tim
How Informative Are Real Time Output Gap Estimates in Europe?
Language: en
Pages: 42
Authors: Mr.Alvar Kangur
Categories: Business & Economics
Type: BOOK - Published: 2019-09-20 - Publisher: International Monetary Fund

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We study the properties of the IMF-WEO estimates of real-time output gaps for countries in the euro area as well as the determinants of their revisions over 199
Structural Balance Targeting and Output Gap Uncertainty
Language: en
Pages: 31
Authors: Eugen Tereanu
Categories: Business & Economics
Type: BOOK - Published: 2014-06-13 - Publisher: International Monetary Fund

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Potential output estimation plays a crucial role in conducting fiscal policy based on structural balances. Difficulties in estimating potential output could lea
Inflation Targeting Under Potential Output Uncertainty
Language: en
Pages: 44
Authors: Victor Gaiduch
Categories: Business & Economics
Type: BOOK - Published: 2000-10 - Publisher: International Monetary Fund

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The concept of sustainable productive capacity is playing an increasingly important role in monetary policy formulation throughout the world. Specifying price s
Measuring Output Gap: Is It Worth Your Time?
Language: en
Pages: 28
Authors: Mr.Jiaqian Chen
Categories: Business & Economics
Type: BOOK - Published: 2020-02-07 - Publisher: International Monetary Fund

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We apply a range of models to the U.K. data to obtain estimates of the output gap. A structural VAR with an appropriate identification strategy provides improve