A New Methodology for Estimating the Output Gap in the United States

A New Methodology for Estimating the Output Gap in the United States
The gap between potential and actual output—the output gap—is a key variable for policymaking. This paper adapts the methodology developed in Blagrave and others (2015) to estimate the path of output gap in the U.S. economy. The results show that the output gap has considerably shrunk since the Great Recession, but still remains negative. While... READ MORE...

Publication date: June 2015
ISBN 9781513507569
$18.00

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