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An inflation-predicting measure of the output gap in the euro area

Jarociński, Marek; Lenza, Michele - 2016

Persistent link: https://www.econbiz.de/10011619704

The impact of the COVID-19 shock on euro area potential output : a sectoral approach

Bandera, Nicolò; Bodnár, Katalin; Le Roux, Julien; … - 2022

The COVID-19 crisis has affected economic sectors very heterogeneously, with possible risks for permanent losses in some sectors. This paper presents a sectoral-level, bottom- up method to estimate euro area potential outputin order to assess the impact of the crisis on it. The estimates are...

Persistent link: https://www.econbiz.de/10013367033

Estimating the Euro Area output gap using multivariate information and addressing the COVID-19 pandemic

Morley, James C.; Rodriguez Palenzuela, Diego; Sun, Yiqiao - 2022

We estimate the euro area output gap by applying the Beveridge-Nelson decomposition based on a large Bayesian vector autoregression. Our approach incorporates multivariate information through the inclusion of a wide range of variables in the analysis and addresses data issues associated with the...

Persistent link: https://www.econbiz.de/10013350551

Joint estimation of the natural rate of interest, the natural rate of unemployment, expected inflation, and potential output

Benati, Luca (contributor); Vitale, Giovanni (contributor) - 2007

We jointly estimate the natural rate of interest, the natural rate of unemployment, expected inflation, and potential …-variation in (i) the data-generation process for inflation, which we capture via a time-varying parameters specification for the … Phillips curve portion of the model; and (ii) the volatilities of disturbances to inflation and cyclical (log) output, which we …

Persistent link: https://www.econbiz.de/10003516685

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

Macro and micro of external finance premium and monetary policy transmission

Altavilla, Carlo; Gürkaynak, Refet S.; Quaedvlieg, Rogier - 2024

We establish basic facts about the external finance premium. Tens of millions of individual loan contracts extended to euro area firms allow studying the determinants of the external finance premium at the country, bank, firm, and contract levels of disaggregation. At the country level, the...

Persistent link: https://www.econbiz.de/10014527119

Monetary policy and local industry structure

Popov, Alexander; Steininger, Lea - 2023

We study how monetary policy affects local market competition in a union of countries experiencing different economic conditions: the euro area. We find that when monetary conditions tighten (loosen), from the point of view of an individual economy, market concentration increases (declines)....

Persistent link: https://www.econbiz.de/10013552619

Capital inflows and euro area long-term interest rates

Carvalho, Daniel; Fidora, Michael - 2015

Persistent link: https://www.econbiz.de/10011288706

Interest rate reaction functions and the Taylor rule in the euro area

Gerlach-Kristen, Petra (contributor) - 2003

Persistent link: https://www.econbiz.de/10001820903

The industry effects of monetary policy in the euro area

Peersman, Gert (contributor); Smets, Frank (contributor) - 2002

Persistent link: https://www.econbiz.de/10001702814

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