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Has the recent real estate bubble biased the output gap?

Author

Listed:
  • Chanont Banternghansa
  • Adrian Peralta-Alva

Abstract

We offer a word of caution to policymakers: Policies based on point estimates of the output gap may not rest on solid ground.

Suggested Citation

  • Chanont Banternghansa & Adrian Peralta-Alva, 2009. "Has the recent real estate bubble biased the output gap?," Economic Synopses, Federal Reserve Bank of St. Louis.
    • Handle: RePEc:fip:fedles:y:2009:n:45
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    File URL: http://research.stlouisfed.org/publications/es/09/ES0945.pdf
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    Cited by:

    1. Elise Marifian & Scott A. Wolla, 2012. "The output gap: a “potentially” unreliable measure of economic health?," Page One Economics Newsletter, Federal Reserve Bank of St. Louis, issue nov, pages 1-3, November.
    2. Amat Adarov, 2017. "Financial Cycles in Credit, Housing and Capital Markets: Evidence from Systemic Economies," wiiw Working Papers 140, The Vienna Institute for International Economic Studies, wiiw.

    More about this item

    Keywords

    real estate investments;

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