It takes the average reader and 35 minutes to read Output Gap Uncertainty and Real-Time Monetary Policy by Francesco Grigoli
Assuming a reading speed of 250 words per minute. Learn more
Output gap estimates are subject to a wide range of uncertainty owing to data revisions and the difficulty in distinguishing between cycle and trend in real time. This is important given the central role in monetary policy of assessments of economic activity relative to capacity. We show that country desks tend to overestimate economic slack, especially during recessions, and that uncertainty in initial output gap estimates persists several years. Only a small share of output gap revisions is predictable ex ante based on characteristics like output dynamics, data quality, and policy...
Output Gap Uncertainty and Real-Time Monetary Policy by Francesco Grigoli is 35 pages long, and a total of 8,925 words.
This makes it 12% the length of the average book. It also has 11% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes and 48 minutes to read Output Gap Uncertainty and Real-Time Monetary Policy aloud.
Output Gap Uncertainty and Real-Time Monetary Policy is suitable for students ages 8 and up.
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