costs and prices as part of its assessment of the outlook for CPI inflation. One suggested measure of these global … of conceptual problems and measurement issues relating to the global output gap …

'natural rates' of capacity and labor utilization above which inflation begins to accelerate; (2) estimating a production …

data on GDP, unemployment, inflation, wages, investment, house prices and credit. We evaluate the estimated output gap … model. In addition, it helps predicting inflation in pseudo real-time and exhibits limited variations when new data become …

rate and the inflation rate to explore theoretically and empirically how monetary and real shocks account for the … under its full capacity and that the capacity utilization rate is related to inflation in the short run, but not in the long …