Thesis
Measuring Excess Demand and its Impact on Inflation.
- Abstract:
-
Excess demand pressures play a fundamental role in macroeconomic policy and analysis. The output gap, as a proxy for excess demand, is widely used but is notoriously difficult to measure due to it being a latent variable. This thesis discusses the most prominent measures of the output gap, analysing their advantages and drawbacks. The use of arti cially generated data enables explicit evaluation of the performance of univariate 'gap' measures, exposing the degree of disparity between measures...
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Bibliographic Details
- Publisher:
- University of Oxford;Nuffield College
- Publication date:
- 2003
Item Description
- Language:
- English
- UUID:
-
uuid:cb7d7be4-0f87-425a-8146-68aaea39fe02
- Local pid:
- oai:economics.ouls.ox.ac.uk:14911
- Deposit date:
- 2011-08-16
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Terms of use
- Copyright holder:
- Castle, J
- Copyright date:
- 2003
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