Bitte verwenden Sie diesen Link, um diese Publikation zu zitieren, oder auf sie als Internetquelle zu verweisen: https://hdl.handle.net/10419/153785 
Erscheinungsjahr: 
2011
Schriftenreihe/Nr.: 
ECB Working Paper No. 1351
Verlag: 
European Central Bank (ECB), Frankfurt a. M.
Zusammenfassung: 
In view of the increasing use of Dynamic Stochastic General Equilibrium (DSGE) models in the macroeconomic projections and the policy process, this paper examines, both conceptually and empirically, alternative notions of potential output within DSGE models. Furthermore, it provides historical estimates of potential output/output gaps on the basis of selected DSGE models developed by the European System of Central Banks’ staff. These estimates are compared to the corresponding estimates obtained applying more traditional methods. Finally, the paper assesses the usefulness of the DSGE model-based output gaps for gauging inflationary pressures.
Schlagwörter: 
monetary policy
potential output
simulation and forecasting models
JEL: 
E32
E37
E52
Dokumentart: 
Working Paper

Datei(en):
Datei
Größe
1.37 MB





Publikationen in EconStor sind urheberrechtlich geschützt.