Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
8954624 | Journal of Policy Modeling | 2018 | 25 Pages |
Abstract
This paper presents a review of output gap modeling techniques, which are of special interest for policy making institutions. We distinguish between univariate - which estimate trend output on the basis of actual output, without taking into account the information contained in other variables -, and multivariate methods - which incorporate useful information on some other variables, based on economic theory. We present the main advantages and drawbacks of the different methods.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Luis J. Álvarez, Ana Gómez-Loscos,