Castle, Jennifer L. (contributor); … - 2007
economy, including the output gap (see e.g. De-Brouwer and Ericsson, 1998, Hendry, 2001,
and Bowdler and Jansen, 2004); excess …
policy.
5
(pw), the profit mark-up (π∗), the output gap parenleftbigydparenrightbig, excess demand for …-linear inflation effects from the output gap have been examined in Turner (1995) and
Clements and Sensier (2003), although the evidence …