Humala A., Alberto; Rodriguez, Gabriel - 2009
period 1996:3 - 2008:3. The model has six equations and it is estimated
using the Kalman �lter with output gap and NRI as …, Kalman �lter, output
gap, unobservable components.
JEL: C32, E32, E43, E52.
We thank useful comments from participants to … the e�ects from demand and supply shocks upon the output gap
and in�ation, respectively, vanish completely. Examples of …