What Do We Talk About When We Talk About Output Gaps

Download What Do We Talk About When We Talk About Output Gaps full books in PDF, epub, and Kindle. Read online What Do We Talk About When We Talk About Output Gaps ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!

What Do We Talk About When We Talk About Output Gaps?

Author : Jelle Barkema
Publisher : INTERNATIONAL MONETARY FUND
ISBN 13 : 9781513561257
Total Pages : 39 pages
Book Rating : 4.5/5 (612 download)

DOWNLOAD NOW!

Book Synopsis What Do We Talk About When We Talk About Output Gaps? by : Jelle Barkema

Download or read book What Do We Talk About When We Talk About Output Gaps? written by Jelle Barkema and published by INTERNATIONAL MONETARY FUND. This book was released on 2020-11-20 with total page 39 pages. Available in PDF, EPUB and Kindle. Book excerpt: Estimates of output gaps continue to play a key role in assessments of the stance of business cycles. This paper uses three approaches to examine the historical record of output gap measurements and their use in surveillance within the IMF. Firstly, the historical record of global output gap estimates shows a firm negative skew, in line with previous regional studies, as well as frequent historical revisions to output gap estimates. Secondly, when looking at the co-movement of output gap estimates and realized measures of slack, a positive, but limited, association is found between the two. Thirdly, text analysis techniques are deployed to assess how estimates of output gaps are used in Fund surveillance. The results reveal no strong bearing of output gap estimates on the coverage of the concept or direction of policy advice. The results suggest the need for continued caution in relying on output gaps for real-time policymaking and policy assessment.

How Informative Are Real Time Output Gap Estimates in Europe?

Author : Mr.Alvar Kangur
Publisher : International Monetary Fund
ISBN 13 : 1513512544
Total Pages : 42 pages
Book Rating : 4.5/5 (135 download)

DOWNLOAD NOW!

Book Synopsis How Informative Are Real Time Output Gap Estimates in Europe? by : Mr.Alvar Kangur

Download or read book How Informative Are Real Time Output Gap Estimates in Europe? written by Mr.Alvar Kangur and published by International Monetary Fund. This book was released on 2019-09-20 with total page 42 pages. Available in PDF, EPUB and Kindle. Book excerpt: We study the properties of the IMF-WEO estimates of real-time output gaps for countries in the euro area as well as the determinants of their revisions over 1994-2017. The analysis shows that staff typically saw economies as operating below their potential. In real time, output gaps tend to have large and negative averages that are largely revised away in later vintages. Most of the mis-measurement in real time can be explained by the difficulty in predicting recessions and by overestimation of the economy’s potential capacity. We also find, in line with earlier literature, that real-time output gaps are not useful for predicting inflation. In addition, countries where slack (and potential growth) is overestimated to a larger extent primary fiscal balances tend to be lower and public debt ratios are higher and increase faster than projected. Previous research suggests that national authorities’ real-time output gaps suffer from a similar bias. To the extent these estimates play a role in calibrating fiscal policy, over-optimism about long-term growth could contribute to excessive deficits and debt buildup.

Measurement of the Output Gap

Author : Pierre St.-Amant
Publisher :
ISBN 13 : 9780662260196
Total Pages : 62 pages
Book Rating : 4.2/5 (61 download)

DOWNLOAD NOW!

Book Synopsis Measurement of the Output Gap by : Pierre St.-Amant

Download or read book Measurement of the Output Gap written by Pierre St.-Amant and published by . This book was released on 1997 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper discusses some methodologies for estimating potential output and the output gap that have recently been studied at the Bank of Canada. The assumptions and econometric techniques used by the different methodologies are discussed in turn, and applications to Canadian data are presented. The first group of methods considered are those that simply use some implicit or explicit assumptions about the dynamics of real output to identify the output gap, including the Hodrick and Prescott filter for identifying the cyclical component of output. The second group consists of approaches that combine their assumptions with information from assumed or structural relationships between the output gap and other economic variables. The third class of methods uses multivariate rather than univariate dynamic relationships, often in combination with structural relationships from economic theory, to estimate output gap as a particular transitory component of real output.

Closing the Communication Gap

Author : H. James Harrington
Publisher : CRC Press
ISBN 13 : 1466574895
Total Pages : 300 pages
Book Rating : 4.4/5 (665 download)

DOWNLOAD NOW!

Book Synopsis Closing the Communication Gap by : H. James Harrington

Download or read book Closing the Communication Gap written by H. James Harrington and published by CRC Press. This book was released on 2017-08-21 with total page 300 pages. Available in PDF, EPUB and Kindle. Book excerpt: Improved communication in business means higher profits. Improved communication in government means happier citizens. Improved communication in healthcare means quicker recoveries, fewer lawsuits, and happier nurses and patients.Closing the Communication Gap can help readers improve communication by closing the gap between what the communicator mea

Fiscal Policy in the European Union

Author : J. Ferreiro
Publisher : Springer
ISBN 13 : 0230228267
Total Pages : 235 pages
Book Rating : 4.2/5 (32 download)

DOWNLOAD NOW!

Book Synopsis Fiscal Policy in the European Union by : J. Ferreiro

Download or read book Fiscal Policy in the European Union written by J. Ferreiro and published by Springer. This book was released on 2008-11-27 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a comprehensive analysis of national fiscal policies in the European Union and in the European Monetary Union. Adopting a critical perspective, the book offers a deep insight into the consequences of the current strategy of national fiscal policies on economic activity.

Monetary and Fiscal Policy

Author : Great Britain. Parliament. House of Lords. Select Committee on Economic Affairs
Publisher : The Stationery Office
ISBN 13 : 9780104005507
Total Pages : 452 pages
Book Rating : 4.0/5 (55 download)

DOWNLOAD NOW!

Book Synopsis Monetary and Fiscal Policy by : Great Britain. Parliament. House of Lords. Select Committee on Economic Affairs

Download or read book Monetary and Fiscal Policy written by Great Britain. Parliament. House of Lords. Select Committee on Economic Affairs and published by The Stationery Office. This book was released on 2004 with total page 452 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monetary and fiscal Policy : Present successes and future problems, 3rd report of session 2003-04, Vol. 2: Evidence

Budget 2012

Author : Great Britain: Parliament: House of Commons: Treasury Committee
Publisher : The Stationery Office
ISBN 13 : 9780215043849
Total Pages : 84 pages
Book Rating : 4.0/5 (438 download)

DOWNLOAD NOW!

Book Synopsis Budget 2012 by : Great Britain: Parliament: House of Commons: Treasury Committee

Download or read book Budget 2012 written by Great Britain: Parliament: House of Commons: Treasury Committee and published by The Stationery Office. This book was released on 2012-04-18 with total page 84 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Budget 2012 published as HC 1853, session 2010-12 (ISBN 9780102976045). For Volume 1, see (ISBN 9780215043863)

Regional Economic Outlook, April 2022, Middle East and Central Asia

Author : International Monetary Fund
Publisher : International Monetary Fund
ISBN 13 :
Total Pages : 41 pages
Book Rating : 4.4/5 (2 download)

DOWNLOAD NOW!

Book Synopsis Regional Economic Outlook, April 2022, Middle East and Central Asia by : International Monetary Fund

Download or read book Regional Economic Outlook, April 2022, Middle East and Central Asia written by International Monetary Fund and published by International Monetary Fund. This book was released on 2022-04-27 with total page 41 pages. Available in PDF, EPUB and Kindle. Book excerpt: The war in Ukraine and sanctions on Russia are exacerbating the divergence in recovery prospects for the Middle East and Central Asia (ME&CA). Despite better-than-expected upside momentum in 2021, the economic environment in 2022 is defined by extraordinary headwinds and uncertainties, particularly for commodity importers, with higher and more volatile commodity prices, rising inflationary pressures, faster-than-expected monetary policy normalization in advanced economies, and a lingering pandemic. Prospects for oil exporters in the Middle East and North Africa (MENA) region have improved, while countries in the Caucasus and Central Asia (CCA) region face a particularly challenging outlook given their linkages to Russia and Ukraine. Downside risks dominate the outlook and include a prolonged war and further sanctions on Russia, tighter-than-expected global financial conditions, possible deanchoring of inflation expectations, a sharper slowdown in China, and new pandemic outbreaks. Policymaking has become increasingly complex, with dwindling macro policy space to deal with these extraordinary shocks, amid high debt and inflation. Given divergent outlooks, policies will need to be calibrated carefully to country circumstances to manage uncertainties, maintain macroeconomic stability, and support the recovery while protecting the most vulnerable and ensuring food and energy security. Structural reforms have become even more urgent to prevent scarring from the pandemic and the war, and ensure a private sector-led and inclusive recovery, including by embracing digitalization and investing in a greener future.

Handbook of Philosophical Logic

Author : Dov M. Gabbay
Publisher : Springer Science & Business Media
ISBN 13 : 9400952031
Total Pages : 527 pages
Book Rating : 4.4/5 (9 download)

DOWNLOAD NOW!

Book Synopsis Handbook of Philosophical Logic by : Dov M. Gabbay

Download or read book Handbook of Philosophical Logic written by Dov M. Gabbay and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 527 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents a number of systems of logic which can be considered as alternatives to classical logic. The notion of what counts as an alternative is a somewhat problematic one. There are extreme views on the matter of what is the 'correct' logical system and whether one logical system (e. g. classical logic) can represent (or contain) all the others. The choice of the systems presented in this volume was guided by the following criteria for including a logic as an alternative: (i) the departure from classical logic in accepting or rejecting certain theorems of classical logic following intuitions arising from significant application areas and/or from human reasoning; (ii) the alternative logic is well-established and well-understood mathematically and is widely applied in other disciplines such as mathematics, physics, computer science, philosophy, psychology, or linguistics. A number of other alternatives had to be omitted for the present volume (e. g. recent attempts to formulate so-called 'non-monotonic' reason ing systems). Perhaps these can be included in future extensions of the Handbook of Philosophical Logic. Chapter 1 deals with partial logics, that is, systems where sentences do not always have to be either true or false, and where terms do not always have to denote. These systems are thus, in general, geared towards reasoning in partially specified models. Logics of this type have arisen mainly from philo sophical and linguistic considerations; various applications in theoretical computer science have also been envisaged.

Advanced Electro-optical Imaging Techniques

Author : Stanley Sobieski
Publisher :
ISBN 13 :
Total Pages : 150 pages
Book Rating : 4.:/5 (43 download)

DOWNLOAD NOW!

Book Synopsis Advanced Electro-optical Imaging Techniques by : Stanley Sobieski

Download or read book Advanced Electro-optical Imaging Techniques written by Stanley Sobieski and published by . This book was released on 1973 with total page 150 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Costs of Unemployment

Author : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy
Publisher :
ISBN 13 :
Total Pages : 148 pages
Book Rating : 4.:/5 (327 download)

DOWNLOAD NOW!

Book Synopsis Costs of Unemployment by : United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy

Download or read book Costs of Unemployment written by United States. Congress. House. Committee on Banking, Finance, and Urban Affairs. Subcommittee on Domestic Monetary Policy and published by . This book was released on 1982 with total page 148 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Bond Pricing and Yield Curve Modeling

Author : Riccardo Rebonato
Publisher :
ISBN 13 : 1107165857
Total Pages : 781 pages
Book Rating : 4.1/5 (71 download)

DOWNLOAD NOW!

Book Synopsis Bond Pricing and Yield Curve Modeling by : Riccardo Rebonato

Download or read book Bond Pricing and Yield Curve Modeling written by Riccardo Rebonato and published by . This book was released on 2018-06-07 with total page 781 pages. Available in PDF, EPUB and Kindle. Book excerpt: Rebonato provides an authoritative, clear, and up-to-date explanation of the cutting-edge innovations in affine modeling for government bonds, and provides readers with the precise tools to develop their own models. This book combines precise theory with up-to-date empirical evidence to build, with the minimum mathematical sophistication required for the task, a critical understanding of what drives the government bond market.

Software Design

Author : Murali Chemuturi
Publisher : CRC Press
ISBN 13 : 1351068547
Total Pages : 432 pages
Book Rating : 4.3/5 (51 download)

DOWNLOAD NOW!

Book Synopsis Software Design by : Murali Chemuturi

Download or read book Software Design written by Murali Chemuturi and published by CRC Press. This book was released on 2018-04-09 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is perhaps the first attempt to give full treatment to the topic of Software Design. It will facilitate the academia as well as the industry. This book covers all the topics of software design including the ancillary ones.

Evaluating Governmental Performance

Author :
Publisher :
ISBN 13 :
Total Pages : 292 pages
Book Rating : 4.:/5 (2 download)

DOWNLOAD NOW!

Book Synopsis Evaluating Governmental Performance by :

Download or read book Evaluating Governmental Performance written by and published by . This book was released on 1975 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Uncertainty and Feedback

Author : Glenn Vinnicombe
Publisher : World Scientific
ISBN 13 : 9781860941634
Total Pages : 348 pages
Book Rating : 4.9/5 (416 download)

DOWNLOAD NOW!

Book Synopsis Uncertainty and Feedback by : Glenn Vinnicombe

Download or read book Uncertainty and Feedback written by Glenn Vinnicombe and published by World Scientific. This book was released on 2001 with total page 348 pages. Available in PDF, EPUB and Kindle. Book excerpt: The principal reason for using feedback is to reduce the effect of uncertainties in the description of a system which is to be controlled. H[infinity] loop-shaping is emerging as a powerful but straightforward method for designing robust feedback controllers for complex systems. However, in order to use this, or other modern design techniques, it is first necessary to generate an accurate model of the system (thus appearing to remove the reason for needing feedback in the first place). The v-gap metric is an attempt to resolve this paradox - by indicating in what sense a model should be accurate if it is to be useful for feedback design. This book develops in detail the H[infinity] loop-shaping design method, the v-gap metric and the relationship between the two, showing how they can be used together for successful feedback design.

In the Wake of the Crisis

Author : Olivier Blanchard
Publisher : MIT Press
ISBN 13 : 0262301083
Total Pages : 251 pages
Book Rating : 4.2/5 (623 download)

DOWNLOAD NOW!

Book Synopsis In the Wake of the Crisis by : Olivier Blanchard

Download or read book In the Wake of the Crisis written by Olivier Blanchard and published by MIT Press. This book was released on 2012-02-24 with total page 251 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prominent economists reconsider the fundamentals of economic policy for a post-crisis world. In 2011, the International Monetary Fund invited prominent economists and economic policymakers to consider the brave new world of the post-crisis global economy. The result is a book that captures the state of macroeconomic thinking at a transformational moment. The crisis and the weak recovery that has followed raise fundamental questions concerning macroeconomics and economic policy. These top economists discuss future directions for monetary policy, fiscal policy, financial regulation, capital-account management, growth strategies, the international monetary system, and the economic models that should underpin thinking about critical policy choices. Contributors Olivier Blanchard, Ricardo Caballero, Charles Collyns, Arminio Fraga, Már Guðmundsson, Sri Mulyani Indrawati, Otmar Issing, Olivier Jeanne, Rakesh Mohan, Maurice Obstfeld, José Antonio Ocampo, Guillermo Ortiz, Y. V. Reddy, Dani Rodrik, David Romer, Paul Romer, Andrew Sheng, Hyun Song Shin, Parthasarathi Shome, Robert Solow, Michael Spence, Joseph Stiglitz, Adair Turner

The Undercover Economist Strikes Back

Author : Tim Harford
Publisher : Penguin
ISBN 13 : 159463291X
Total Pages : 274 pages
Book Rating : 4.5/5 (946 download)

DOWNLOAD NOW!

Book Synopsis The Undercover Economist Strikes Back by : Tim Harford

Download or read book The Undercover Economist Strikes Back written by Tim Harford and published by Penguin. This book was released on 2015-01-06 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: A provocative and lively exploration of the increasingly important world of macroeconomics, by the author of the bestselling The Undercover Economist. Thanks to the worldwide financial upheaval, economics is no longer a topic we can ignore. From politicians to hedge fund managers to middle-class IRA holders, everyone must pay attention to how and why the global economy works the way it does. Enter Financial Times columnist and bestselling author Tim Harford. In this new book that demystifies macroeconomics, Harford strips away the spin, the hype, and the jargon to reveal the truth about how the world’s economy actually works. With the wit of a raconteur and the clear grasp of an expert, Harford explains what’s really happening beyond today’s headlines, why all of us should care, and what we can do about it to understand it better.