Cuerpo, Carlos; Cuevas, Ángel; Quilis, Enrique M. - In: SERIEs : Journal of the Spanish Economic Association 9 (2018) 3, pp. 275-304
Over the last decades, the estimation of the slack in the economy has become an essential piece of analysis for … policymakers, both on the monetary policy and the fiscal policy front. Output gap estimation techniques have flourished accordingly … uncertainty of the estimates and its use on a real-time basis. This paper presents a methodological approach based on a structural …