Edge, Rochelle M.; Kiley, Michael T.; Laforte, Jean-Philippe - 2007
herein to gauge measures of the output gap and the natural rate of interest
and discuss their recent evolution.1
Our DSGE … policy process. In this research, reported in
section 5, we focus on model-based output gap and natural rate of interest …
with our model.
5.1 The Output Gap, Recessions, and Monetary Policy
The first topic we discuss is the evolution of the …