Matthew D. Shapiro, Robert J. Gordon, Lawrence H. Summers, Assessing the Federal Reserve's Measures of Capacity and Utilization, Brookings Papers on Economic Activity, Vol. 1989, No. 1 (1989), pp. 181-241

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Shapiro et al. (Sun,) studied this question.

synapsesocial.com/papers/6a1c2fb500ee29383e9d95d7 https://doi.org/https://doi.org/10.2307/2534498

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Also Consider

Synapse has enriched 5 closely related papers on similar clinical questions. Consider them for comparative context:

1How Does Macroeconomic Policy Affect Output?1988 · 415 citations
2Theory Ahead of Business Cycle Measurement1986 · 255 citations
3Industrial Pricing in the United Kingdom1981 · 100 citations
4Coordinating Coordination Failures in Keynesian Models1988 · 1,655 citations
5Theory ahead of business-cycle measurement1986 · 1,530 citations