Mind the Gap : What is the Best Measure of Slack in the Euro Area?

What is the Best Measure of Slack in the Euro Area?

Mind the Gap : What is the Best Measure of Slack in the Euro Area?
Assessing the magnitude of the output gap is critical to achieving an optimal policy mix. Unfortunately, the gap is an unobservable variable, which, in practice, has been estimated in a variety of ways, depending on the preferences of the modeler. This model selection problem leads to a substantial degree of uncertainty regarding the magnitude... READ MORE...

Publication date: December 2001
ISBN 9781451874457
$15.00

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