Flaig, Gebhard; Plötscher, Claudia - In: IFO-Studien : Zeitschrift für empirische … 47 (2001) 2, pp. 221-232
This paper deals with the estimation of the output gap. We use uni- and bivariate unobserved components models in order to decompose the observed German GDP-series into trend, cycle and seasonal components. The results show that using the ifo business assessment variable as an indicator for the...