Fukaè, Martin; Vašíèek, Osvald - In: Czech Journal of Economics and Finance (Finance a uver) 52 (2002) 5, pp. 258-274
In this paper the authors try to measure production gap in the Czech Republic and, consequently, non-accelerating inflation product (NAIP) as an approximation of potential product. NAIP is treated as an unobservable variable, to which an augmented Phillips curve plays a key role in its...
