RDP 2003-12: The Real-Time Forecasting Performance of Phillips Curves Appendix B: Selection of Real-time Output-gap Equations
December 2003
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The five broad specification types for our chosen output-gap equation specifications are summarised in Table 2 in Section 3. Table B1 provides a complete listing of the specifications used for each of our 125 data vintages.
Date of vintage | Precise equation specification |
---|---|
1971:Q4 to 1978:Q1 | |
1978:Q2 to 1981:Q3 | |
1981:Q4 to 1985:Q3 | |
1985:Q4 to 1987:Q2 | |
1987:Q3 to 1989:Q1 | |
1989:Q2 to 1993:Q2 | |
1993:Q3 to 1995:Q2 | |
1995:Q3 to 2002:Q4 | |
Note: Start of sample for all regressions is 1961:Q2. |