Fueki, Takuji; Fukunaga, Ichiro; Ichiue, Hibiki; … - Bank of Japan - 2010
In this paper, we calculate the potential output and the output gap using a Bayesian-estimated DSGE model of Japan's economy. The model is a two-sector growth model that takes into account growth rate shocks including investment-goods sector-specific technological progress. For bridging the gap...