What Do We Talk About When We Talk About Output Gaps?

Nopic
Estimates of output gaps continue to play a key role in assessments of the stance of business cycles. This paper uses three approaches to examine the historical record of output gap measurements and their use in surveillance within the IMF. Firstly, the historical record of global output gap estimates shows a firm negative skew, in line with... READ MORE...

Publication date: November 2020
ISBN 9781513561257
$18.00

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Publication date: November 2020

English