Results 51 to 60 of about 239,722 (163)
Growth and Imbalances in Spain: A Reassessment of the Output Gap [PDF]
SSRN Electronic Journal, 2014 ‘The Great Recession’ was preceded by a prolonged period of high growth accompanied by low and stable inflation, the so called ‘The Great Moderation’. In Spain, a similar pattern was observed: in fact, potential growth estimates were trending upwards, implying that output gaps remained relatively contained.
Alberola, Enrique +2 more
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The Sustainability of Public Finances in Republic of Moldova Under EU Fiscal Rules
Scientific Annals of Economics and Business, 2016 This paper analyses public finances sustainability in the Republic of Moldova under the European Union fiscal rules, by estimating the structural budget balance indicator using a three steps methodology.
Covalschi Tatiana, Lazăr Sebastian
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Gdp Growth, Potential Output, and Output Gaps in Mexico
IMF Working Papers, 2005 This paper analyzes the sources of Mexico's economic growth since the 1960s and compares various decompositions of historical growth into its trend and cyclical components. The role of the implied output gaps in the inflationary process is then assessed.
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Limits of Inflation Targeting Strategy [PDF]
Theoretical and Applied Economics, 2006 This paper evaluates the trade-off between output volatility and the variability of the inflation rate around its target (Romanian case). The optimal choice for National Bank of Romania (NBR), in our opinion, is the flexible inflation targeting. For this
Aura Niculescu, Cristian Socol
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Estimation of Potential GDP and output Gap. Comparative Perspective
Amfiteatru Economic, 2014 The purpose of the analysis is to assess the impact of the crisis on the potential output and output gaps, to study their evolution by using a comparative approach for a sample of EU countries that were in majority included recently in financial ...
Dorin Măntescu , Dan-Tudor Lazăr
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Hodrick-Prescott filtering of Large, emerging Economies and Analysis of Russian GDP Growth [PDF]
Athens Journal of Business & Economics, 2015 The output gap is one of the main indicators used for economic policy-making in the modern, post-crisis period. Firstly, we calculated the output gap of large developing countries: Russia, India and China.
Olga V. Mezentсeva, Ann V. Mezentceva
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Driving forces of the Swiss output gap [PDF]
Swiss Journal of Economics and Statistics, 2013 SummaryWhat drives the output gap? Contrary to standard agnostic statistical approaches, New Keynesian small open economy models allow decomposing the output gap into its shocks and confirm the conventional wisdom that most of the variation is due to foreign shocks. However, the risk premium shock also plays an important role.
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Metas de inflação, regra de Taylor e neutralidade da moeda: uma crítica pós-keynesiana
Brazilian Journal of Political Economy, 2012 Inflation targeting, Taylor rule and money neutrality: a post-Keynesian critic. This paper critically discusses the inflation targeting regime proposed by orthodox economists, in particular the Taylor Rule.
Mariana de Lourdes Moreira Lopes +2 more
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Estimating the output gap in times of COVID-19
Latin American Journal of Central BankingWe extend a standard multivariate filter used to estimate the Output Gap (OG) in Chile to account for large economic shocks, such as those observed during the COVID-19 crisis. We propose two methodological extensions. First, we introduce exogenous supply
Luigi Durand, Jorge Alberto Fornero
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