Vetlov, Igor; Hlédik, Tibor; Jonsson, Magnus - 2011
and the policy process, this paper examines, both conceptually and empirically, alternative notions of potential output … within DSGE models. Furthermore, it provides historical estimates of potential output/output gaps on the basis of selected … estimates obtained applying more traditional methods. Finally, the paper assesses the usefulness of the DSGE model-based output …