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Can key interest rates decrease output gaps?

Stavytskyy, Andriy; Kharlamova, Ganna; Giedraitis, Vincentas - In: Investment management and financial innovations 17 (2020) 3, pp. 205-218

Persistent link: https://www.econbiz.de/10012406050

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

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

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

Debt managers' reaction to sovereign risk in the euro area : evidence and policy implications

Arnold, Ivo J. M. - In: CESifo economic studies : a joint initiative of the … 67 (2021) 3, pp. 276-295

Persistent link: https://www.econbiz.de/10012654746

Improving income stabilisation in EMU : an analytical exploration

Carnot, Nicolas; Evans, Phil; Fatica, Serena; Mourre, Gilles - 2014

Persistent link: https://www.econbiz.de/10010419089

Fiscal Policy Shocks and Macroeconomic Growth in South Africa : Missing Links and Policy Gaps

Ndou, Eliphas; Gumata, Nombulelo - 2023

fixed capital formation nexus: Effects of the interest rate and monetary policy credibility channels -- Chapter 7 Inflation … rates -- Chapter 13 What are the effects of budget deficit regimes on inflation and inflation expectations? -- Part 3 … uncertainty and the employment dynamics in South Africa under the inflation targeting regime -- Chapter 18 Economic policy …

Persistent link: https://www.econbiz.de/10014362489

Testing EU fiscal surveillance : how sensitive is it to variations in output gap estimates?

Langedijk, Sven; Larch, Martin - In: International review of applied economics 25 (2011) 1, pp. 39-60

Persistent link: https://www.econbiz.de/10008842327

The performativity of potential output : pro-cyclicality and path dependency in coordinating European fiscal policies

Heimberger, Philipp; Kapeller, Jakob - 2016

This paper analyzes the performative impact of the European Commission's model for estimating 'potential output', which is used as a yardstick for measuring the 'structural budget balance' of EU countries and, hence, is crucial for coordinating European fiscal policies. In pre-crisis years,...

Persistent link: https://www.econbiz.de/10011779387

The performativity of potential output : pro-cyclicality and path dependency in coordinating European fiscal policies

Heimberger, Philipp; Kapeller, Jakob - In: Review of international political economy : RIPE 24 (2017) 5, pp. 904-928

Persistent link: https://www.econbiz.de/10011812069