Adolfson, Malin; Laseén, Stefan; Lindé, Jesper; … - Sveriges Riksbank - 2009
measures of the output gap in Ramses, the Riksbank’s empirical dynamic stochastic general equilibrium (DSGE) model of a small … policy, and second, that the trade-off between stabilizing CPI inflation and the output gap strongly depends on which concept … of potential output in the output gap between output and potential output is used in the loss function. If potential …