The budget dispute between Italy and the European Commission in 2018 gave new impetus for the debate about the reliability of output gap estimation methods and their use for calculating structural budget balances. In this paper we review the main properties of the mainstream approaches and...

We study the global impact of the Chinese economy based on a novel indirect approach where the spillover effect is quantified from a forecast error model under relatively favorable identifying conditions. Findings from the real-time World Economic Outlook data over the period 2004 ̶ 2015...

We assess the forecasting performance of the nowcasting model developed at the New York FED. We show that the observation regarding a striking difference in the model's predictive ability across business cycle phases made earlier in the literature also applies here. During expansions, the...

1. Storage Usage in Kafka: Challenges, Strategies and Best Practices -- 2. Strategies for Aggregation, Data Cardinality and Batching -- 3. Understanding and Addressing Partition Skew in Kafka -- 4. Dealing with Skewed and Lost Leaders -- 5. CPU Saturation in Kafka: Causes, Consequences and...