Barkema, Jelle; Gudmundsson, Tryggvi; Mrkaic, Mico - 2020
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 previous regional … studies, as well as frequent historical revisions to output gap estimates. Secondly, when looking at the co-movement of output …