Estimate of Output Gap - RBI - Reserve Bank of India
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Published on January 21, 2014
Estimate of Output Gap
Annex 4 Average CPI Inflation during Near Zero Output-gap Alternative methods of estimation of the output gap (univariate and multivariate) suggest that the output gap was near zero during the period from 2003-04:Q3 and 2006-07:Q1. During the same period, CPI-Combined inflation was at around 4.0 per cent. 
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