This paper presents a stress indicator for the Euro-zone that summarizes developments of trends and cycles in real GDP … and inflation in the member countries. Stress in a country is defined as the difference between the country’s actual short …

and disadvantages of the various output gap measures. First, I examine the usefulness of the output gap for inflation …

This paper presents a stress indicator for the eurozone that summarizes developments of trends and cycles in real GDP … and inflation in the member countries. Stress in a country is defined as the difference between the country's actual short …

In recent years, inflation in the euro area has failed to decelerate decisively while cyclical slack built up in the … analysis conducted on two decades of quarterly data covering 17 countries yields a yes on both counts. First, inflation is …

gap and inflation for the Turkish economy using data from 2002:01 to 2021:09. First, it analyses the cointegration by …. The results also show asymmetric causality running from positive (negative) output gap to positive (negative) inflation … shock, and running from negative inflation shock to negative output gap shock. The overall findings indicate the importance …

by the announcement of inflation targeting in 1991 when estimating the effects of monetary policy. For instance, we find …