Gagliardone, Luca; Gertler, Mark; Lenzu, Simone; … - National Bureau of Economic Research - 2023
the low estimates of the conventional unemployment or output gap-based formulations in the literature. We reconcile the … cost in relation to the output gap is low. Furthermore, through an examination of the transmission of oil shocks, we …, costs, and output within the Belgian manufacturing sector over twenty years, recorded at a quarterly frequency. Leveraging …