Artikel
Measures of the Output Gap in the Euro-Zone: An Empirical Assessment of Selected Methods
The paper discusses some widely used methods for estimating output gaps based on aggregated datafor the Euro-zone. Though these methods exhibit some common features, an empirical comparisondemonstrates that the various techniques differ substantially. In particular, the correlation of output gaps calculated with different methods is generally low, the methods imply different turning points, and the estimated level of the output gap differs greatly. Moreover, tests suggest that some of the methods commonly used have only limited information content for inflation forecasting in the Euro-zone. Conclusions for business cycle analysis and economic policy are offered.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Vierteljahrshefte zur Wirtschaftsforschung ; ISSN: 1861-1559 ; Volume: 70 ; Year: 2001 ; Issue: 3 ; Pages: 310-330 ; Berlin: Duncker & Humblot
- Klassifikation
-
Wirtschaft
- Thema
-
Produktionspotenzial
Konjunkturforschung
Schätztheorie
Theorie
Ökonometrisches Modell
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Chagny, Odile
Döpke, Jörg
- Ereignis
-
Veröffentlichung
- (wer)
-
Duncker & Humblot
- (wo)
-
Berlin
- (wann)
-
2001
- DOI
-
doi:10.3790/vjh.70.3.310
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Chagny, Odile
- Döpke, Jörg
- Duncker & Humblot
Entstanden
- 2001
Ähnliche Objekte (12)
Measures of the Output Gap in the Euro-Zone: An Empirical Assessment of Selected Methods
The "Employment Intensity" of Growth in Europe
Macroeconomic Forecasts and the Nature of Economic Shocks in Germany
Great moderation at the firm level?: unconditional vs. conditional Output volatility
Great moderation at the firm level? Unconditional versus conditional output volatility
Are there Business Cycles beyond GDP? Alternative Measures to GDP at Business Cycle Frequencies
Real-time data and business cycle analysis in Germany
Haben Konjunkturprognosen in Deutschland einen politischen Bias?
Inflation and the Skewness of the Distribution of Relative Price Changes: Empirical Evidence for Germany
Real and Financial Integration in Europe - Evidence for the Accession States and for the Pre-Ins
Politics and the Stock Market: Evidence from Germany
Forecast errors and the macroeconomy: a non-linear relationship?
Measures of the Output Gap in the Euro-Zone: An Empirical Assessment of Selected Methods
The "Employment Intensity" of Growth in Europe
Macroeconomic Forecasts and the Nature of Economic Shocks in Germany
Great moderation at the firm level?: unconditional vs. conditional Output volatility
Great moderation at the firm level? Unconditional versus conditional output volatility
Are there Business Cycles beyond GDP? Alternative Measures to GDP at Business Cycle Frequencies
Real-time data and business cycle analysis in Germany
Haben Konjunkturprognosen in Deutschland einen politischen Bias?
Inflation and the Skewness of the Distribution of Relative Price Changes: Empirical Evidence for Germany
Real and Financial Integration in Europe - Evidence for the Accession States and for the Pre-Ins
Politics and the Stock Market: Evidence from Germany
Forecast errors and the macroeconomy: a non-linear relationship?
Measures of the Output Gap in the Euro-Zone: An Empirical Assessment of Selected Methods
The "Employment Intensity" of Growth in Europe
Macroeconomic Forecasts and the Nature of Economic Shocks in Germany
Great moderation at the firm level?: unconditional vs. conditional Output volatility
Great moderation at the firm level? Unconditional versus conditional output volatility
Are there Business Cycles beyond GDP? Alternative Measures to GDP at Business Cycle Frequencies
Real-time data and business cycle analysis in Germany
Haben Konjunkturprognosen in Deutschland einen politischen Bias?
Inflation and the Skewness of the Distribution of Relative Price Changes: Empirical Evidence for Germany
Real and Financial Integration in Europe - Evidence for the Accession States and for the Pre-Ins
Politics and the Stock Market: Evidence from Germany