Błażej, Mirosław; Górajski, Mariusz; Ulrichs, Magdalena - In: Statistics in transition : an international journal of … 26 (2025) 2, pp. 85-111
The notion of the output gap is crucial in understanding underlying economic trends. The macroeconomic stabilization policy can only be effective for all sectors or regions of the economy if regional or sectoral output gaps are sufficiently coherent. This study proposes a new microeconometric...