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Federal Reserve Bank of Richmond
Richmond Fed Economic Brief
Is the output gap a faulty gauge for monetary policy?
Thomas A. Lubik
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.


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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.
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Keywords: Inflation (Finance) ; Monetary policy
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