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The fall in UK potential output due to the financial crisis : a much bigger estimate

Crafts, Nicholas - 2019

Persistent link: https://www.econbiz.de/10012040012

The fall in potential output due to the financial crisis : a much bigger estimate for the UK

Crafts, Nicholas - In: Comparative economic studies 61 (2019) 4, pp. 625-635

Persistent link: https://www.econbiz.de/10012202340

The performativity of potential output : pro-cyclicality and path dependency in coordinating European fiscal policies

Heimberger, Philipp; Kapeller, Jakob - 2016

This paper analyzes the performative impact of the European Commission's model for estimating 'potential output', which is used as a yardstick for measuring the 'structural budget balance' of EU countries and, hence, is crucial for coordinating European fiscal policies. In pre-crisis years,...

Persistent link: https://www.econbiz.de/10011779387

The performativity of potential output : pro-cyclicality and path dependency in coordinating European fiscal policies

Heimberger, Philipp; Kapeller, Jakob - In: Review of international political economy : RIPE 24 (2017) 5, pp. 904-928

Persistent link: https://www.econbiz.de/10011812069

Potential output and fiscal rules in a monetary union under asymmetric information - 2nd ed

Marattin, Luigi; Meraglia, Simone - 2016 - 2nd edition

We analyze fiscal rules within a Monetary Union in the presence of (i) asymmetric information on member states' potential output and (ii) bail-out among member states. The first-best deficit is contingent on the cycle, that is, on member states' output gap. In the presence of asymmetric...

Persistent link: https://www.econbiz.de/10011705510

Did fiscal consolidation cause the double dip recession in the euro area?

Heimberger, Philipp - 2015

the euro crisis. It presents new econometric estimates on the link between cumulative GDP growth and fiscal austerity … closely related to the harshness of fiscal austerity. Cumulative multiplier estimates are found to vary in a range from 1.4 to …, a reasonable approximation of the size of the output losses due to fiscal austerity in the euro area during 2011-2013 is …

Persistent link: https://www.econbiz.de/10011778844

Mind the output gap : the new technocratic politics of EU fiscal rules in Italy

Locatelli, Camilla - 2024

The sovereign debt crisis triggered a process of reforms in European economic governance that pushed for technocratic handling of budget decisions following standardized procedures, target measures, and indicators for fiscal monitoring. This shift, aimed at producing more stability and less...

Persistent link: https://www.econbiz.de/10015081045

How to destroy a country : the economics and politics of the Greek crisis

Kołodko, Grzegorz W. - In: Rivista di politica economica 105 (2016) 4/6, pp. 37-61

Persistent link: https://www.econbiz.de/10011697201

Potential output and fiscal rules in a monetary union under asymmetric information

Marattin, Luigi; Meraglia, Simone - 2015

We analyze fiscal rules within a Monetary Union in the presence of (i) asymmetric information about member states' potential output and, therefore, output gap and (ii) bail-out among member states. In our framework, bail-out lowers the scope for signalling (discrimination) by member states...

Persistent link: https://www.econbiz.de/10011714310

Medium and long run prospects for UK frowth in the aftermath of the financial crisis

Oulton, Nicholas - 2013

Persistent link: https://www.econbiz.de/10010194351