Assessing potential output and the output gap is essential for policy-making and fiscal surveillance. The European …

gap generates the time-varying market and momentum risk prices, but the exposures to the output gap have the opposite … signs. In contrast, we do not observe that the output gap is linked to time variations of value and investment risk prices …We employ a time-varying risk price model that allows us to track the change in risk prices. We find that the output …

We estimate the euro area output gap by applying the Beveridge-Nelson decomposition based on a large Bayesian vector … and addresses data issues associated with the COVID-19 pandemic. The estimated output gap lines up well with the CEPR … key source of information about labor utilization in the economy, especially in pinning down the depth of the output gap …

expectations and the output gap, are both unobserved. Traditional remedies include creating reasonable proxies for the notable … an abrupt and sizable disanchoring of the expectations component, followed by a wildly positive gap starting from late … 2020. HNN’s gap unique path comes from dispensing with unemployment and GDP in favor of an amalgam of nonlinearly processed …

We estimate the euro area output gap by applying the Beveridge-Nelson decomposition based on a large Bayesian vector … and addresses data issues associated with the COVID-19 pandemic. The estimated output gap lines up well with the CEPR … key source of information about labor utilization in the economy, especially in pinning down the depth of the output gap …

and international integration. We provide a state of the art estimate of the German output gap between 1995 and 2022 and … present a nowcasting scheme that accurately predicts the German output gap up to three months prior to a gross domestic …, and Wong (forthcoming) who propose to use monthly information to form an expectation about the current-quarter output gap …

and international integration. We provide a state of the art estimate of the German output gap between 1995 and 2022 and … present a nowcasting scheme that accurately predicts the German output gap up to three months prior to a gross domestic …, and Wong (forthcoming) who propose to use monthly information to form an expectation about the current-quarter output gap …