Is the output gap a faulty gauge for monetary policy?

Thomas Lubik

Richmond Fed Economic Brief, 2010, issue Jan, No 10-01

Abstract: Policymakers look to the output gap as a measure of how the economy is performing. However, different methods of computing the output gap can lead to vastly different results, rendering it a potentially poor guide.

Keywords: Inflation (Finance); Monetary policy (search for similar items in EconPapers)
Date: 2010
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