Zimková, Emília; Barochovský, Jaroslav - In: Politická ekonomie 2007 (2007) 4, pp. 473-489
The efficiency of macroeconomic policies depends on adequate business cycle approximation. Given that potential output … and the output gap (the difference between actual and potential output) are not directly observable, their values need to … to detect particular factors of potential output growth as technological progress, capital and labour. Despite of …