This paper tests the reliability of the output gap measures using both the statistical and the structural methodologies. We use quarterly GDP data for the case of France over the period of 1960:Q1 – 2010:Q4. A number of statistical methods including Linear Detrending,Moving averages, Hodrick &...

This study deals primarily with the construction of a new measure of estimating the response of different economies towards the current economic crisis that starts in 2007 in the US financial sector and is leaving grave consequences on the European economies, particularly in the euro-zone. We...

This study brings new evidence on the relationship between openness and inflation. We estimate the impact of globalization on inflation in both developed and developing countries, and going further for different regional clusters. The results show that increased openness has without doubt the...