Briefing
Is the output gap a faulty gauge for monetary policy?
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;
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Bibliographic Information
Provider: Federal Reserve Bank of Richmond
Part of Series: Richmond Fed Economic Brief
Publication Date: 2010
Issue: Jan
Order Number: 10-01