Business cycle uncertainty in real-time - Products Statistical working papers
In simulated out-of-sample experiments to the Eurozone this paper finds that not only are real-time point estimates of the output gap unreliable, but so are measures of uncertainty associated with them. This provides a serious challenge to users of output gap estimates.
Additional information
Product code: KS-AN-03-062
ISBN 92-894-6855-6
ISSN 1725-4825
ISBN 92-894-6855-6
ISSN 1725-4825
Theme: General and regional statistics
Collection: Statistical working papers