Chagny, Odile; Döpke, Jörg - In: Vierteljahrshefte zur Wirtschaftsforschung / Quarterly … 70 (2001) 3, pp. 310-332
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...