Makroekonomické modelování
Figure 2. Model-Based Output Gap vs. Detrended GDP
6 -i-
				11				i / f >J
		t , i i i i	\; i / i / i a/	i i r L i A . P / r \    Í   J 1	■ 1 , i \   r--Jt        i l	/ J	i i * i 1	r J" -i i
	1 I \ r i i i i i 1	' * 1 f j i /		i; í	11          11 1 I II          l> 1 1 1 1 III 1 J II 1 II		* / A    fl i	
	i i i J \ j 1 1 4				1 1 1 1 1 1 L 1 1 1 1 1 1 ■ 1 1 .			
	1    1 1 60	1   1 1 64	1   1   1 1 68	1111 72	1 1 1 1 1 1 1 1 1 1 1 1 76       80 84	1     1    1 1 88	i i i i 92	i i i i i 96
output gap ---- detrended gdp
1887       1988       1989       1990       1991 1992 Figure 1. Federal funds rate and example policy rule.
204
Efficient frontier based on Model 1 .a
TkO OS II i_i ist 25T
Standard deviation of outpul
LibelĽ (Outpi t uei£ji t,InftiliHi «fleijhr, Lju^sd Inte«st Rat« weight