Output gaps for ten European countries and the USA are estimated based on a CES production function with input …-augmenting technological progress gives insight into the driving forces of growth. -- output gap ; potential output ; CES production function …

government policies on the automobile industry, which change final prices and estimate their effect on sales and production. An … that explores the effects of these policies on domestic and foreign production to disentangle the potential spill-overs. …

mark-ups and the technology parameters of the production function. The model has been applied to euro area data from the … 1970s assuming that the underlying production function is either CES or Cobb-Douglas. Estimation results support the Cobb … profit margins and sectoral production shares. We also produce estimates of potential output and the output gap conditional …

of the euro area, we estimate intra- and extra-euro area import demand functions and impose various restrictions within …