Article ID Journal Published Year Pages File Type
8954624 Journal of Policy Modeling 2018 25 Pages PDF
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
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