In this paper, we examine whether domestic or global output gap affects inflation in three panels: the European Union … show that after the crisis the global output gap predicts the evolution of inflation in the Eurozone panel. On the other … hand, the domestic output gap predicts inflation in the European Union. In the precrisis period, the determinant of …

Determining potential output and the output gap-two inherently unobservable variables-is a major challenge for …

fiscal policies. A key measure in this new technical apparatus, the output gap, has been at the center of a heated … contestation between Italian and European institutions over the 2014-2019 period. Taking the case of the Italian output gap, this …

In this paper, we examine whether domestic or global output gap affects inflation in three panels: the European Union … show that after the crisis the global output gap predicts the evolution of inflation in the Eurozone panel. On the other … hand, the domestic output gap predicts inflation in the European Union. In the precrisis period, the determinant of …

This study first investigates the short and long-run effectsof exchange rate, output gap and output gap volatility on … ARDLestimates indicate that the exchange rate, output gap and output gapvolatility have statistically significant effects on … inflation volatility.Also, causality tests results indicate that changes in the exchangerate, output gap volatility, and output …