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comprehensive. Moreover, in a developing world with new technologies, faster communication systems, a higher integration of world … increasingly important in a world of tightening trade and financial linkages. With the rising importance of economies such as China …-makers the synchronization of business cycles – across the world and in a monetary union in particular – is of notable interest …
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Der Aufsatz untersucht einige populäre Methoden zur Messung des Output Gaps auf der Basis von aggregierten Daten für die Euro-Zone. Obwohl die Methoden einige wichtige gemeinsame Eigenschaften aufweisen, zeigen sie auch erhebliche Unterschiede; insbesondere ist die Korrelation zwischen...
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This book discusses recent developments in theoretical and empirical business cycle analysis, identifying possible applications of sophisticated tools by private and public institutions involved in the analysis of economic fluctuations and facilitating interaction between academics, researchers...
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The paper discusses some widely used methods for estimating output gaps based on aggregated datafor the Euro-zone. Though these methods exhibit some common features, an empirical comparisondemonstrates that the various techniques differ substantially. In particular, the correlation of output...
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