Nejistota českých makroekonomických dat: úvodní analýza: mezera výstupu

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Title in English Uncertainty of Czech macroeconomic data: preliminary analysis: output gap
Authors

ČAPEK Jan

Year of publication 2007
Type Article in Proceedings
Conference MEKON 2007
MU Faculty or unit

Faculty of Economics and Administration

Citation
Field Economy
Keywords data uncertainty;output gap;CNB;CZSO;estimate
Attached files
Description The article analyses output gap values that are published by the Czech national bank. It shows that although the use of output gap values is for the Czech national bank very important (if not key), substantial revisions occur frequently. The revisions are often so radical, that it is not sure, if the economy is above or below its potential. Ascertained data uncertainty is very strong and the quality of output gap estimates is low.
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