Similar Search Results

Growth Accounting for the Euro Area : A Structural Approach

Proietti, Tommaso - 2007

decomposition of total output according to the production function approach with price and wage equations that embody Phillips type …

Persistent link: https://www.econbiz.de/10012776314

A Multivariate Unobserved Components Model to Estimate Potential Output in the Euro Area : A Production Function Based Approach

Tóth, Máté - 2021

-Douglas production function. This combination allows potential output estimates to incorporate more economic structure than the … traditional production function approach, while retaining the ability to conduct growth accounting exercises. The model is a …

Persistent link: https://www.econbiz.de/10013243813

Potential Output Growth in Several Industrialised Countries : A Comparison

Cahn, Christophe; Saint-Guilhem, Arthur - 2021

In this paper, we present international comparisons of potential output growth among several economies - Canada, the Euro area, France, Germany, Italy, Japan, the Netherlands, the United Kingdom, and the United States - for the period 1991-2004. The main estimates rely on a structural approach...

Persistent link: https://www.econbiz.de/10013316775

The Normalized CES Production Function : Theory and Empirics

Klump, Rainer - 2011

parameters in many fields of economics. Until recently, though, the application of production functions with non … revealed, “normalization” of production functions and production-technology systems holds out the promise of resolving many of … those uncertainties. We survey and critically assess the intrinsic links between production (as conceptualized in a …

Persistent link: https://www.econbiz.de/10013130168

Growth accounting for the euro area: a structural approach

Proietti, Tommaso; Musso, Alberto - 2007

decomposition of total output according to the production function approach with price and wage equations that embody Phillips type …

Persistent link: https://www.econbiz.de/10011604850

Globalisation, Domestic Inflation and Global Output Gaps : Evidence from the Euro Area

Calza, Alessandro - 2015

This paper tests whether the proposition that globalisation has led to greater sensitivity of domestic inflation to the global output gap (the quot;global output gap hypothesisquot;) holds for the euro area. The empirical analysis uses quarterly data over the period 1979-2003. Measures of the...

Persistent link: https://www.econbiz.de/10012750226

Joint Estimation of the Natural Rate of Interest, the Natural Rate of Unemployment, Expected Inflation, and Potential Output

Benati, Luca; Vitale, Giovanni - 2021

We jointly estimate the natural rate of interest, the natural rate of unemployment, expected inflation, and potential output for the Euro area, the United States, Sweden, Australia, and the United Kingdom. Particular attention is paid to time-variation in (i) the data-generation process for...

Persistent link: https://www.econbiz.de/10013316896

An Inflation-Predicting Measure of the Output Gap in the Euro Area

Jarocinski, Marek - 2016

Using a small Bayesian dynamic factor model of the euro area we estimate the deviations of output from its trend that are consistent with the behavior of inflation. We label these deviations the output gap. In order to pin-down the features of the model, we evaluate the accuracy of real-time...

Persistent link: https://www.econbiz.de/10012981025

A Panel VAR Analysis of Macro-Financial Imbalances in the EU

Comunale, Mariarosaria - 2017

We investigate the interactions across current account misalignments, Real Effective Exchange Rate misalignments and financial (or output) gaps within EU countries. We apply panel techniques, including a Bayesian panel VAR, to 27 EU members over the period 1994-2012. We find that, for the euro...

Persistent link: https://www.econbiz.de/10012961964

Mind the Output Gap : The Disconnect of Growth and Inflation During Recessions and Convex Phillips Curves in the Euro Area

Groß, Marco - 2017

We develop a theoretical model that features a business cycle-dependent relation between output, price inﬂation and inﬂation expectations, augmenting the model by Svensson (1997) with a nonlinear Phillips curve that reﬂects the rationale underlying the capacity constraint theory (Macklem...

Persistent link: https://www.econbiz.de/10012963916