Cusinato, Rafael; Minella, André; Júnior, Sabino … - In: Empirical Economics 44 (2013) 3, pp. 1113-1127
Recent literature for developed economies has shown that output gap estimates go through important revisions over time, impairing their reliability in real time. We organize a real-time data set for Brazil’s GDP and assess the revisions of the output gap estimated by four different methods....