Using Real-Time Output Gaps to Examine Past and Future Policy Choices.
Alternative measures of the UK output gap are considered for 1984-2007. The real-time series is strongly affected by the rolling-time estimation of the trend, and produces a picture of the business cycle which is not consistent with contemporary perceptions of the large fluctuations of the late 1980...
| Main Authors: | , |
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| Format: | Journal article |
| Language: | English |
| Published: |
Sage
2009
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