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dc.contributor.authorCanova, Fabio
dc.date.accessioned2024-12-10T14:23:13Z
dc.date.available2024-12-10T14:23:13Z
dc.date.created2024-11-29T13:05:45Z
dc.date.issued2024
dc.identifier.issn0013-0133
dc.identifier.urihttps://hdl.handle.net/11250/3169130
dc.description.abstractI investigate the properties of output gaps in New Keynesian dynamic stochastic general equilibrium models and study the relationship between theory-based quantities and the estimates obtained with standard approaches. Theoretical gaps display low-frequency variations, have similar frequency domain representations as potentials and are generally correlated with them. Potentials have important business cycle variability. Existing statistical approaches fail to recognise these features and generate distorted estimates. Gaps are best estimated with a polynomial filter. Explanations for the outcomes are given. I propose a statistical procedure reducing estimation biases.en_US
dc.language.isoengen_US
dc.publisherOxford Academicen_US
dc.titleFAQ: how do I estimate the output gap?en_US
dc.title.alternativeFAQ: how do I estimate the output gap?en_US
dc.typeJournal articleen_US
dc.typePeer revieweden_US
dc.description.versionacceptedVersionen_US
dc.source.journalEconomic Journalen_US
dc.identifier.doi10.1093/ej/ueae072
dc.identifier.cristin2325428
cristin.ispublishedtrue
cristin.fulltextpostprint
cristin.qualitycode2


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