unobservability
nounEtymology From un- + observability.
1
The state of being unobservable
- Unfortunately, the inherent unobservability of these variables complicates their use in practice.2010, Jordi Galí, “The New-Keynesian Approach to Monetary Policy Analysis: Lessons and New Directions”, in Volker Wieland, editor, The Science and Practice of Monetary Policy Today, page 12: