Does the Gap Model Work in Asia?

Does the Gap Model Work in Asia?
There is considerable evidence from industrial countries that the output gap is an important determinant of inflation. We examine whether the gap model also works in developing, newly industrializing, and industrial Asian economies. Our output gaps are based on a new nonparametric estimation procedure for trend output that does not require an... READ MORE...

Publication date: July 1996
ISBN 9781451960747
$15.00

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