Real-time output gaps in the estimation of Taylor rules: a red herring?

Real-time output gaps in the estimation of Taylor rules: a red herring?

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Real-time, quasi-real, 'nearly real' and full sample output gaps for the UK, generated by linear and quadratic, Hodrick-Prescott filter and unobserved components (UC-ARIMA) techniques, are presented and analysed. Particular attention is paid to the behaviour of the different series during...

书目详细资料
Main Authors:	Adam, C, Cobham, D
格式:	Working paper
出版:	University of Oxford 2004

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