ON THE MOLDOVAN ECONOMY’S POTENTIAL OUTPUT AND OUTPUT GAP: EVIDENCE FROM THE HODRICK-PRESCOTT FILTER
Economy and SociologyThis paper introduces the notion of an economy’s potential output, its output gap and its output gap rate, analyses the properties of the Hodrick-Prescott filter drawing from the studies in the literature, and proceeds to estimate and discuss Moldova’s ...
Apostolos Papaphilippou
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Estimating the euro area output gap using multivariate information and addressing the COVID-19 pandemic. [PDF]
Eur Econ Rev, 2023 Morley J +3 more
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Potential GDP Modeling and Output Gap Estimation as a Basis for Countercyclical Fiscal Policy in Kazakhstan. [PDF]
Stud Russ Econ Dev, 2021 Alpysbaeva SN +3 more
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[Inherent Instability: The Role of the Output Gap in the Stability and Growth Pact]. [PDF]
Wirtschaftsdienst, 2021 Bender CM, Heise A.
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Estimating Potential Output and the Output Gap in Slovakia
Eastern European Economics, 2008 This paper estimates potential output and the output gap for Slovakia, which has enjoyed rapid growth with few signs of economic overheating in recent years. The paper applies two broad sets of approaches: conventional methods, represented by a statistical method and a production function approach; and a multivariate (MV) Kalman filter method.
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Synchronization of Economic Cycles in Countries of the Visegrad Group, Germany and Eurozone
Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis, 2018 Most countries of the Visegrad group presently undertake meticulous preparation for entry to the Eurozone, which makes the issue of business cycle synchronization contemporary.
Václav Adamec
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Growth prospects, the natural interest rate, and monetary policy
Economics: Journal Articles, 2019 The recovery from the Global Financial Crisis was characterized by sluggish output growth and by inflation remaining persistently below the inflation targets of central banks in many advanced economies despite an unprecedented monetary expansion.
Fiedler Salomon +3 more
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Testing the Nonlinearity of the Phillips Curve. Implications for Monetary Policy [PDF]
Theoretical and Applied Economics, 2010 This paper studies the nonlinearity of the Phillips Curve and its implications for monetary policy. To investigate the trade-off between output gap and inflation volatility we used a backward-looking model type.
Georgiana BALABAN, Denis VÎNTU
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Measuring the euro area output gap
European Economic ReviewWe measure the Euro Area (EA) output gap and potential output using a non-stationary dynamic factor model estimated on a large dataset of macroeconomic and financial variables. From 2012 to 2023, we estimate that the EA economy was tighter than the European Commission and the International Monetary Fund estimate, suggesting that the slow EA growth is ...
Barigozzi, Matteo +2 more
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THE IMPACT OF THE COMBINATION OF MONETARY AND FISCAL POLICIES ON MACROECONOMIC STABILITY: AN SVAR ANALYSIS OF MENA ECONOMIES (1990 2023) THROUGH THE OUTPUT GAP AND INFLATION [PDF]
Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria EconomieThis research analyses the influence of fiscal and monetary policies (policy mix) on the macroeconomic stability of four countries in the MENA region (Morocco, Tunisia, Algeria, Saudi Arabia) for the period from 1990 to 2023 using an SVAR model.
EL KHATTAB YOUNES , BASSITE IMAD
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