Kuusi, Tero - In: Review of Economics 69 (2018) 2, pp. 111-146
Abstract Using a novel dataset, I quantify the magnitude of the EU-27 countries’ output gap revisions in 2002–2014, and study the implications of this uncertainty for the optimal fiscal policy with a DSGE model. I find that taking into account the output gap uncertainty (i.e. the difficulty...
