2024-06
I suppose if you want to add bells and whistles you could jointly estimate output gap and neutral real rate a la Laubach and Williams (although I hasten to add, I'm not a fan of the approach myself).
I suppose if you want to add bells and whistles you could jointly estimate output gap and neutral real rate a la Laubach and Williams (although I hasten to add, I'm not a fan of the approach myself).