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On money and output in the euro area : is money redundant?
Karfakis, Costas I. - In: International economic journal 27 (2013) 3, pp. 487-496
Persistent link: https://www.econbiz.de/10009791557
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Mind the gap : forecasting euro-area output gaps with machine learning
Sofianos, Emmanouil; Gkonkas, Periklēs; Papadimitriou, … - In: Applied economics letters 29 (2022) 19, pp. 1824-1828
Persistent link: https://www.econbiz.de/10013412312
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Mind the output gap : the disconnect of growth and inflation during recessions and convex Phillips curves in the euro area
Groß, Marco; Semmler, Willi - Task Force on Low Inflation (LIFT) - 2017
We develop a theoretical model that features a business cycle-dependent relation between out- put, price inflation and … inflation expectations, augmenting the model by Svensson (1997) with a nonlinear Phillips curve that reflects the rationale … pronounced convex relationship between inflation and the output gap, meaning that the coefficient in the Phillips curve on the …
Persistent link: https://www.econbiz.de/10011636803
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Understanding inflation dynamics in the Euro Area : deviants and commonalities across member countries
Amberger, Johanna; Fendel, Ralf - In: Empirica : journal of european economics 44 (2017) 2, pp. 261-293
Persistent link: https://www.econbiz.de/10011782897
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Potential output and fiscal rules in a monetary union under asymmetric information - 2nd ed
Marattin, Luigi; Meraglia, Simone - 2016 - 2nd edition
We analyze fiscal rules within a Monetary Union in the presence of (i) asymmetric information on member states' potential output and (ii) bail-out among member states. The first-best deficit is contingent on the cycle, that is, on member states' output gap. In the presence of asymmetric...
Persistent link: https://www.econbiz.de/10011705510
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How informative are real time output gap estimates in Europe?
Kangur, Alvar; Kirabaeva, Koralai; Natal, Jean-Marc; … - 2019
useful for predicting inflation. In addition, countries where slack (and potential growth) is overestimated to a larger …
Persistent link: https://www.econbiz.de/10012103755
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Potential output and fiscal rules in a monetary union under asymmetric information
Marattin, Luigi; Meraglia, Simone - 2015
We analyze fiscal rules within a Monetary Union in the presence of (i) asymmetric information about member states' potential output and, therefore, output gap and (ii) bail-out among member states. In our framework, bail-out lowers the scope for signalling (discrimination) by member states...
Persistent link: https://www.econbiz.de/10011714310
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On the impact of the launch of the euro on EMU macroeconomic vulnerability
Morvillier, Florian - 2018
Persistent link: https://www.econbiz.de/10012241051
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An Inflation-Predicting Measure of the Output Gap in the Euro Area
Jarocinski, Marek - 2016
are consistent with the behavior of inflation. We label these deviations the output gap. In order to pin-down the features … of the model, we evaluate the accuracy of real-time inflation forecasts from different model specifications. The version … that forecasts inflation best implies that after the 2011 sovereign debt crisis the output gap in the euro area has been …
Persistent link: https://www.econbiz.de/10012981025
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An inflation-predicting measure of the output gap in the euro area
Jarociński, Marek; Lenza, Michele - 2016
Persistent link: https://www.econbiz.de/10011619704