Grüner, Hans Peter (contributor); Hayo, Bernd (contributor) - 2005
Series No. 490
June 2005
the output gap, and the contemporaneous output gap plus four lags, which can be interpreted as
an …. The output gap variables are not significant (F(5,43) = 1.73) and neither are the
labor productivity indicators (F(5 …,43) = 1.13). In the German model, the instrumented current
inflation rate is not significant. However, the output gap …