Barrell, Ray (contributor); Gottschalk, Sylvia (contributor) - 2004 - [Elektronische Ressource]
1
THE VOLATILITY OF THE OUTPUT GAP
IN THE G7
Ray Barrell
1
and Sylvia Gottschalk
2
National … volatility over the period considered.
In this paper, we examine the causes of the decline of the output gap volatility in the … for the decline of the output gap. Although Blanchard
and Simon (2000)'s model is quite parsimonious and produces …