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Measures of the output gap in the Euro-Zone : an empirical assessment of selected methods

Chagny, Odile - 2001

Persistent link: https://www.econbiz.de/10013261146

Measures of the output gap in the Euro-zone : an empirical assessment of selected methods

Chagny, Odile; Döpke, Jörg - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 3, pp. 310-330

Persistent link: https://www.econbiz.de/10001620500

Ecart e production dans la zone euro : une estimation par le filtre de Hodrick-Prescott multivarié

Chagny, Odile; Lemoine, Matthieu - 2003

Persistent link: https://www.econbiz.de/10002236943

Indicator-based estimates of the output gap in the euro area

Weiske, Sebastian - 2018

The output gap is a key variable of business cycle analysis and policy. Obtaining reliable estimates for it, is very difficult, though. Most real-time estimates are frequently revised over time. The idea of this paper is to use various indicators, for example from business surveys, that (i) were...

Persistent link: https://www.econbiz.de/10011928277

Indicator-based estimates of the output gap in the euro area

Weiske, Sebastian - 2019

Persistent link: https://www.econbiz.de/10012309596

Measures of the output gap in the Euro-zone : an empirical assessment of selected methods

Chagny, Odile; Döpke, Jörg - In: Vierteljahrshefte zur Wirtschaftsforschung 70 (2001) 4, pp. 310-330

The paper discusses some widely used methods for estimating output gaps based on aggregated datafor the Euro-zone … methods commonly used have only limited information content for inflation forecasting in the Euro-zone. Conclusions for … die Euro-Zone. Obwohl die Methoden einige wichtige gemeinsame Eigenschaften aufweisen, zeigen auch sie erhebliche …

Persistent link: https://www.econbiz.de/10010493796

Monetary aggregates to improve early output gap estimates in the euro area -- an empirical assessment

Boysen-Hogrefe, Jens - 2014

Output gap estimates at the current edge are subject to severe revisions. This study analyzes whether monetary aggregates can be used to improve the reliability of early output gap estimates as proposed by several theoretical models. A real-time experiment shows that real M1 can improve output...

Persistent link: https://www.econbiz.de/10010248220

An output gap measure for the euro area : exploiting country-level and cross-sectional data heterogeneity

Manuel, González-Astudillo, - 2018

trend. The estimation of the model preferred by the data indicates that, because of negative shocks to trend output during …

Persistent link: https://www.econbiz.de/10011932248

Ahlborn, Markus; Wortmann, Marcus - 2017

The literature on business cycle synchronization in Europe frequently presumes an alleged ‘core‒periphery’ pattern without providing empirical verification of the underlying cyclical (dis)similarities or the supposed but unobservable ‘European business cycle(s)’. To provide a...

Persistent link: https://www.econbiz.de/10011600272

A multivariate unobserved components model to estimate potential output in the euro area : a production function based approach

Tóth, Máté - 2021

This paper builds an unobserved components model that combines a multivariate filter approach with a Cobb-Douglas production function. This combination allows potential output estimates to incorporate more economic structure than the traditional production function approach, while retaining the...

Persistent link: https://www.econbiz.de/10012429180