(source) economies on output and demand components in a large group of (recipient) countries, under different monetary policy …

statistically significant output effect under floating exchange rate regimes. For the estimation of the output effects of fiscal …What do we know about the output effects of fiscal policy in low income countries (LICs)? There are very few empirical … studies on the subject. This paper fills this gap by estimating the output effects of government spending shocks in LICs. Our …

source of macroeconomic fluctuation. We derive a measure of output gap that accounts for frictions in financial market … inflations but fails to alleviate the output gap volatility. This suggests a role for macroprudential policies …

giant oil discoveries as a directly observable measure of news shocks about future output - the delay between a discovery …

was not the result of weak demand (there has been no shift along the Okun curve), but of a decline in potential output … growth. Moreover, low interest rates will lead to an increase in the capital output ratio, a low return on capital and high …