Real-time output gaps in the estimation of Taylor rules: a red herring?
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...
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| Médium: | Working paper |
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University of Oxford
2004
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