Goksel, Turkmen; Ozturkler, Harun - Volkswirtschaftliche Fakultät, … - 2012
The importance of output gap and its timely measure come from the fact that it can serve as a guide to macroeconomic … in formulation of monetary, fiscal, and income policies. In this paper, we measure potential GDP and output gap for the … boom periods in terms of output gap. We find that according to the length of downturn and recovery periods, the worst …