Benati, Luca (contributor); Vitale, Giovanni (contributor) - 2007
output for the Euro area, the United States, Sweden, Australia, and the United Kingdom. Particular attention is paid to time … Phillips curve portion of the model; and (ii) the volatilities of disturbances to inflation and cyclical (log) output, which we … natural rate is computed
essentially via ‘reverse engineering’, by imposing that the output gap be equal to zero
after a …