Is the output gap a faulty gauge for monetary policy?

Policymakers look to the output gap as a measure of how the economy is performing. However, different methods of computing the output gap can lead to vastly different results, rendering it a potentially poor guide.

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Year of publication:	2010
Authors:	Lubik, Thomas
Published in:	Richmond Fed Economic Brief. - Federal Reserve Bank of Richmond. - 2010, Jan, 10-01
Publisher:	Federal Reserve Bank of Richmond
Subject:	Inflation (Finance) \| Monetary policy

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Extent:	application/pdf
Type of publication:	Article
Language:	English
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10008504627