Determining potential output and the output gap-two inherently unobservable variables-is a major challenge for …

integrating the capacity utilization block into the model. The model gives more negative estimates of the output gap and smaller … alternative model including a broader-defined unemployment rate to Turkish data results in significantly less negative output gap …

The output gap, while inherently unobservable, plays a pivotal role in informing policymakers due to its significant … frequently employed in estimating the output gap face criticism for being purely statistical and lacking economic theory … assumption of constant parameters over time. This study focuses on estimating the output gap for Brazil, employing a full …