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Chronic excess capacity and unemployment hysteresis in EU countries : a structural approach
Bassi, Federico - 2020
unemployment function. Our results provide evidence of chronic underutilization of productive capacity and hysteresis in …
Persistent link: https://www.econbiz.de/10012292864
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A trend-cycle decomposition with hysteresis
Gómez Pineda, Javier Guillermo; Roa-Rozo, Julián - 2023
Persistent link: https://www.econbiz.de/10014289014
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Recessions and instable estimates of potential output
Dovern, Jonas; Zuber, Christopher - 2017
existence of substantial hysteresis effects of demand shocks. …
Persistent link: https://www.econbiz.de/10011798221
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Unoberserved components models for quarterly German GDP
Flaig, Gebhard - 2002
In this paper, an Unobserved Components Model is employed to decompose German real GDP into the trend, cycle and seasonal components and the working day effect. The most important findings are: 1) The growth rate of potential output declined from 4.2 per cent in the sixties to 1.4 per cent at...
Persistent link: https://www.econbiz.de/10011409368
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Which output gap estimates are stable in real time and why?
Barbarino, Alessandro; Berge, Travis J.; Chen, Han; … - 2020
Persistent link: https://www.econbiz.de/10012389846
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Estimating the output gap using business survey data : a bivariate structural time series model for the German economy
Flaig, Gebhard; Ploetscher, Claudia - 2000
This paper deals with the estimation of the output gap. We use uni- and bivariate unobserved components models in order to decompose the observed German GDP-series into trend, cycle and seasonal components. The results show that using the ifo business assessment variable as an indicator for the...
Persistent link: https://www.econbiz.de/10009781503
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Estimating Malaysia's output gap : have we closed the gap?
Nur Ain Shahrier; Chuah Lay Lian - In: The Singapore economic review : journal of the Economic … 64 (2019) 3, pp. 647-674
Persistent link: https://www.econbiz.de/10012126448
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Robust real-time estimates of the German output gap based on a multivariate trend-cycle decomposition
Berger, Tino; Ochsner, Christian - 2022
The German economy is an important economic driver in the Euro-area in terms of gross domestic product, labour force and international integration. We provide a state of the art estimate of the German output gap between 1995 and 2022 and present a nowcasting scheme that accurately predicts the...
Persistent link: https://www.econbiz.de/10013370512
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The impact of the output gap on the unemployment rate : evidence from Mexico, 1987q1-2018q4
Garcìa-Ramos, Manuel - In: Ecos de economía 23 (2019) 48, pp. 4-15
Persistent link: https://www.econbiz.de/10012212316
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Monetary policy and hysteresis in potential output
Kienzler, Daniel; Schmid, Kai D. - 2013
potential output is subject to hysteresis. We augment a basic NewKeynesian model by hysteresis in potential output and contrast … simulation outcomes of this extended model to the standard model. We find that considering hysteresis allows for a more realistic … Hysterese-Effekte im Potenzialoutput der Ökonomie berücksichtigt werden. Wir erweitern ein Neukeynesianisches Standardmodell um …
Persistent link: https://www.econbiz.de/10009772964