ECB's Draghi: Policy Takes Output Gap Into Account

ECB's Draghi: Policy Takes Output Gap Into Account

Assessment

Interactive Video

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Business

University

Hard

The transcript discusses the challenges of estimating the output gap, an elusive economic measure. It includes questions about the most convincing measures of the output gap and the potential tapering of asset purchases. The response highlights various estimation methods, internal calculations, and the model dependency of these estimates. The discussion also touches on the assumptions made in models to explain inflation and concludes with a brief note on tapering, indicating no current discussions on the matter.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What are the various ways of estimating the output gap mentioned in the text?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the 6% outlook app in relation to the output gap?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What conclusions can be drawn from the study regarding the output gap?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

How does the speaker describe the concept of the output gap?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the response regarding the consideration of tapering or closing asset purchases?

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