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The paper uses capital and labor utilization rates to derive estimates of the Japanese output gap and potential output. Two techniques are used. The first uses the cyclical indicators to adjust potential output estimates derived from a Hodrick-Prescott filter over the most recent period when...
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a speech at a conference on The Credit Channel of Monetary Policy in the Twenty-first Century, Federal Reserve Bank of Atlanta, Atlanta, Georgia
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a speech at the Greenlining Institute's Thirteenth Annual Economic Development Summit, Los Angeles, California (via satellite)
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