Federal Reserve Bank of Richmond
Richmond Fed Economic Brief
Is the output gap a faulty gauge for monetary policy?
AbstractPolicymakers 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.
Cite this item
Thomas A. Lubik, "Is the output gap a faulty gauge for monetary policy?"
, Federal Reserve Bank of Richmond, Richmond Fed Economic Brief, issue Jan, 2010.
JEL Classification:
Keywords: Inflation (Finance) ; Monetary policy
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RePEc:fip:fedreb:y:2010:i:jan:n:10-01 is also listed on
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