Nejistota českých makroekonomických dat: úvodní analýza: mezera výstupu
| Title in English | Uncertainty of Czech macroeconomic data: preliminary analysis: output gap |
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| Authors | |
| Year of publication | 2007 |
| Type | Article in Proceedings |
| Conference | MEKON 2007 |
| MU Faculty or unit | |
| 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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