International Finance Discussion Papers: Output Gaps by Michael T. Kiley

International Finance Discussion Papers: Output Gaps

Michael T. Kiley

56 pages missing pub info (editions)

nonfiction politics
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What is the output gap? There are many definitions in the economics literature, all of which have a long history. I discuss three alternatives: the deviation of output from its long-run stochastic trend (i.e., the "Beveridge-Nelson cycle"); the de...

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