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The paper discusses some widely used methods for estimating output gaps based on aggregated datafor the Euro-zone. Though these methods exhibit some common features, an empirical comparisondemonstrates that the various techniques differ substantially. In particular, the correlation of output...
Persistent link: https://www.econbiz.de/10010377543
The paper discusses some widely used methods for estimating output gaps based on aggregated datafor the Euro-zone. Though these methods exhibit some common features, an empirical comparisondemonstrates that the various techniques differ substantially. In particular, the correlation of output...
Persistent link: https://www.econbiz.de/10010493796
Persistent link: https://www.econbiz.de/10001620500
Persistent link: https://www.econbiz.de/10007484385