Has the recent real estate bubble biased the output gap?

Journal Article

Abstract: We offer a word of caution to policymakers: Policies based on point estimates of the output gap may not rest on solid ground.

Keywords: real estate investments;

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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/09/ES0945.pdf

Provider: Federal Reserve Bank of St. Louis

Part of Series: Economic Synopses

Publication Date: 2009

Order Number: 45