imely assessment of regional economic activity in Ukraine is severely constrained by institutional and data-related limitations. Official regional gross regional product (GRP) statistics are available only at low frequency, are published with substantial delays, and, in the post-2022 period, are...

This paper provides a critical examination of the empirical basis of the output convergence debate in the light of recent developments in the analysis of dynamic heterogeneous panels with interactive effects. It shows that popular tools such as Barro's cross-country regressions and two-way fixed...

This research aimed to identify existence of a New Keynesian Phillips Curve in Vietnam. The examined period was 2012Q2 - 2025Q2, using secondary macroeconomics data and the Generalised Moments Method at 95% level of confidence. The dependent variables were price inflation and wage inflation,...

This paper makes the case for measuring economic activity in real time in a middle-income setting using indicators alternative to the standard System of National Accounts measure of gross domestic product (GDP). GDP remains indispensable, yet its limits as a welfare proxy are amplified where...

We examine the state dependence of monetary policy transmission and the parameters of the Phillips curve, dynamic IS equation, and Taylor rule across four regimes defined by joint deviations of inflation from the Federal Reserve's target and output from potential. The analysis uncovers important...

This paper develops a nowcasting model to produce timely estimates of quarterly GDP growth for Kenya. Nowcasting combines official monthly indicators with digital transaction data. Exploiting strong comovement of macroeconomic time series, a few latent factors summarize aggregate dynamics and...

Gross Domestic Product (GDP) has long been used as a proxy for human progress, despite growing recognition of its limitations. Recently, numerous "beyond GDP" initiatives have emerged, promoting multidimensional dashboards to assess quality of life. However, these often lack a clear headline...

Gross Domestic Product (GDP) has long been used as a proxy for human progress, despite growing recognition of its limitations. Recently, numerous "beyond GDP" initiatives have emerged, promoting multidimensional dashboards to assess quality of life. However, these often lack a clear headline...

We present a country-specific measure of supply chain disruptions and compare it with a global counterpart. We identify each measure's macroeconomic role and consider a sectoral extension using the two-digit NACE level of disaggregation and a multi-sector general equilibrium model to assess the...

Comparison of economies is essential for public policymaking but considerably hindered by the fact that statistics expressed in local currencies are not directly comparable. Market exchange rates give a distorted view, as they do not reflect the differences in price levels between countries.To...

We study the interconnection between the productivity and pricing effects of financial shocks. Combining administrative records on firm-level output prices and quantities with quasi-experimental variation in credit supply, we show that a tightening of credit conditions has a persistent, yet...

This paper examines the asymmetric effects of oil price variations on MENA inflation from 1990 to 2021. Short- and long-term impacts were estimated by using Panel-NARDL models. To account for asymmetric effects, the price of oil was separated into positive and negative changes (oil+ and oil-),...

Moving beyond Gross Domestic Product (GDP) as the sole measure of economic performance is increasingly critical for addressing the complex challenges of sustainable development. The Inclusive Wealth Index (IWI) offers a more comprehensive framework for assessing long-term sustainability by...

This study investigates the main drivers of inflation measured by CPI inflation and GDP deflator across 20 advanced and emerging economies over the yearly span from 2014 to 2023. Using Principal Component Analysis and Panel Vector Autoregression, the research examines the roles of supply-side...

This study aimed to forecast the gross domestic product (GDP) of the South Caucasian nations (Armenia, Azerbaijan, and Georgia) by scrutinizing the accuracy of various econometric methodologies. This topic is noteworthy considering the significant economic development exhibited by these...

The COVID-19 pandemic triggered unprecedented economic disruptions, raising critical questions about the resilience and adaptability of macroeconomic productivity across countries. This study examines the impact of COVID-19 on macroeconomic efficiency and productivity dynamics in 37 OECD...

This study considers the nonlinear relationship between GDP growth and unemployment in France (1975-2024) using a logistic smooth transition regression (LSTR) model. Findings reveal a threshold unemployment rate of 7.93%, above which the traditional Okun's law holds (GDP growth reduces...

This publication evaluates various real-time GDP nowcasting models for the euro area and six member countries (Belgium, Germany, Spain, France, Italy, and the Netherlands) using recent data from 2021 to 2024. It compares individual models and model averages at different estimation points,...

We build a dataset of output and price effects of conventional monetary policy containing 146,463 point estimates and confidence bands from 4,871 impulse-response functions in 409 primary studies. Simple average responses suggest that interest rate hikes substantially dampen output and prices....

As sustainability challenges push economies into low-carbon transitions, the question arises of what share of GDP is exposed to transition? We develop a two-stage model to examine the share of GDP facing transition risk. The first stage examines which sectors are directly exposed to...