Showing 1 - 10 of 2,316
estimated trend. Based on output growth and inflation forecasts and a comparison to revised output gap estimates from policy …
Persistent link: https://www.econbiz.de/10012233667
This paper studies uncertainty using the ECB Survey of Professional Forecasters' data. We consider both inflation and … are based on subjective probability distributions of survey respondents. Our analysis indicates that individual inflation … inflation uncertainty has a negative impact on economic activity by decreasing output growth and increasing inflation and …
Persistent link: https://www.econbiz.de/10013064553
In this paper, we evaluate the causal relationship between macroeconomic uncertainty indices, inflation and growth rate …
Persistent link: https://www.econbiz.de/10012945818
We use Bayesian additive regression trees to reexamine the efficiency of growth and inflation forecasts for Germany. To …-term growth and longer-term inflation forecasts. We cannot reject weak efficiency of short-term growth and inflation forecasts. We …
Persistent link: https://www.econbiz.de/10012822387
Potential growth - the rate of expansion an economy can sustain at full capacity and employment - is a critical driver of development progress. It is also a major input in the formulation of fiscal and monetary policies over the business cycle. This paper introduces the most comprehensive...
Persistent link: https://www.econbiz.de/10014250768
Potential output growth around the world slowed over the past two decades. This slowdown is expected to continue in the remainder of the 2020s: global potential growth is projected to average 2.2 percent per year in 2022-30, 0.4 percentage point below its 2011-21 average. Emerging market and...
Persistent link: https://www.econbiz.de/10014250772
maximum rate at which an economy can grow without igniting inflation - is expected to fall to a three-decade low over the …
Persistent link: https://www.econbiz.de/10014282834
Potential growth — the rate of expansion an economy can sustain at full capacity and employment — is a critical driver of development progress. It is also a major input in the formulation of fiscal and monetary policies over the business cycle. This paper introduces the most comprehensive...
Persistent link: https://www.econbiz.de/10014357845
Persistent link: https://www.econbiz.de/10012804095
tighter monetary policy as it experiences rampant inflation (in some countries at a 40-year high). As the economy has yet to …
Persistent link: https://www.econbiz.de/10014257291