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Output Gaps And Cyclical Indicators
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Book Synopsis Output Gaps and Cyclical Indicators by :
Download or read book Output Gaps and Cyclical Indicators written by and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Questions have recently been raised on the usefulness of output gaps (which define the cyclical position of a country) for policymaking purposes. Whilst these questions are important in raising awareness concerning the uncertainty which inevitably surrounds an unobservable variable such as the output gap, we believe that the discussions are sometimes neglectful of the empirical evidence with respect to the performance of specific business cycle indicators. The current article therefore assesses the empirical performance of the most widely used business cycle indicators in output gap analysis, with a significant proportion of the recent criticism on the economic plausibility of output gaps drawing heavily on specific inflation indicators (such as headline or core inflation) or on indicators of external imbalances. The empirical evidence in this article shows that these inflation and external balance indicators do not perform well as indicators of the cycle and consequently should be used with caution by policy makers.
Book Synopsis The Use of Cyclical Indicators in Estimating the Output Gap in Japan by : Jane Haltmaier
Download or read book The Use of Cyclical Indicators in Estimating the Output Gap in Japan written by Jane Haltmaier and published by . This book was released on 2001 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Use of Cyclical Indicators in Estimating the Output Gap in Japan by :
Download or read book Use of Cyclical Indicators in Estimating the Output Gap in Japan written by and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. Federal Reserve Board presents the full text of an article entitled "The Use of Cyclical Indicators in Estimating the Output Gap in Japan," by Jane Haltmaier and published April 2001. The article discusses using capital and labor utilization rates to derive estimates of the Japanese output gap and potential output.
Book Synopsis Handbook of Cyclical Indicators by : United States. Bureau of Economic Analysis
Download or read book Handbook of Cyclical Indicators written by United States. Bureau of Economic Analysis and published by . This book was released on 1977 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Handbook of Cyclical Indicators by : United States. Bureau of Economic Analysis
Download or read book Handbook of Cyclical Indicators written by United States. Bureau of Economic Analysis and published by . This book was released on 1984 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Guide to Economic Indicators by : The Economist
Download or read book Guide to Economic Indicators written by The Economist and published by John Wiley & Sons. This book was released on 2011-09-20 with total page 226 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ultimate resource for understanding and interpreting important economic figures Economic indicators are increasingly complicated to compute and comprehend. Yet in today's challenging economic environment, economic indicators are also more important than ever. This highly accessible seventh edition of the Guide to Economic Indicators presents the complicated subject of economic indicators in a conversational tone, helping readers to quickly gain an understanding of economic indicators, including why they're important, how to interpret them, and their reliability in predicting future economic performance. The book Describes how economic indicators can be manipulated to demonstrate almost any business cycle Examines how GDP, invisible balances, the terms of trade, and unemployment are used to interpret economic data Includes over ninety tables and charts Fully updated and revised, the Guide to Economic Indicators, 7th Edition is an invaluable resource for anyone searching for a clear explanation of the world's underlying economic realities.
Book Synopsis Handbook of Cyclical Indicators by :
Download or read book Handbook of Cyclical Indicators written by and published by . This book was released on 1977 with total page 210 pages. Available in PDF, EPUB and Kindle. Book excerpt: Chiefly tables.
Book Synopsis Guide to Economic Indicators by : The Economist
Download or read book Guide to Economic Indicators written by The Economist and published by John Wiley & Sons. This book was released on 2011-09-26 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: The ultimate resource for understanding and interpreting important economic figures Economic indicators are increasingly complicated to compute and comprehend. Yet in today's challenging economic environment, economic indicators are also more important than ever. This highly accessible seventh edition of the Guide to Economic Indicators presents the complicated subject of economic indicators in a conversational tone, helping readers to quickly gain an understanding of economic indicators, including why they're important, how to interpret them, and their reliability in predicting future economic performance. The book Describes how economic indicators can be manipulated to demonstrate almost any business cycle Examines how GDP, invisible balances, the terms of trade, and unemployment are used to interpret economic data Includes over ninety tables and charts Fully updated and revised, the Guide to Economic Indicators, 7th Edition is an invaluable resource for anyone searching for a clear explanation of the world's underlying economic realities.
Book Synopsis Second-Generation Fiscal Rules by : Luc Eyraud
Download or read book Second-Generation Fiscal Rules written by Luc Eyraud and published by International Monetary Fund. This book was released on 2018-04-13 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fiscal rule frameworks have evolved significantly in response to the global financial crisis. Many countries have reformed their fiscal rules or introduced new ones with a view to enhancing the credibility of fiscal policy and providing a medium-term anchor. Enforcement and monitoring mechanisms have also been upgraded. However, these innovations have made the systems of rules more complicated to operate, while compliance has not improved. The SDN takes stock of past experiences, reviews recent reforms, and presents new research on the effectiveness of rules. It also proposes guiding principles for future reforms to strike a better balance between simplicity, flexibility, and enforceability. Read the blog
Book Synopsis A New Methodology for a Quarterly Measure of the Output Gap by : Marco Cacciotti
Download or read book A New Methodology for a Quarterly Measure of the Output Gap written by Marco Cacciotti and published by . This book was released on 2013 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper presents a new mixed frequency methodology to estimate output gaps and potential output on a quarterly basis. The methodology strongly relies on the production function method commonly agreed at the European level (D'Auria et. al., 2010) but it significantly improves it allowing to assess the impact of real time forecast for GDP and other underlying variables. This feature of the model is particularly welcome in the current Italian budgetary framework which has foreseen the introduction of the principle of a budget balance in structural terms in the Constitution.By allowing to measure output gap with a quarterly span on the basis of recent developments indicators, the methodology provides interesting hints on the cyclical position of the economy in real time to be used for deriving cyclically-adjusted fiscal aggregates.
Book Synopsis Measuring Output Gap: Is It Worth Your Time? by : Mr.Jiaqian Chen
Download or read book Measuring Output Gap: Is It Worth Your Time? written by Mr.Jiaqian Chen and published by International Monetary Fund. This book was released on 2020-02-07 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: We apply a range of models to the U.K. data to obtain estimates of the output gap. A structural VAR with an appropriate identification strategy provides improved estimates of output gap with better real time properties and lower sensitivity to temporary shocks than the usual filtering techniques. It also produces smaller out-of-sample forecast errors for inflation. At the same time, however, our results suggest caution in basing policy decisions on output gap estimates.
Book Synopsis The Usefulness of Output Gaps for Policy Analysis by : Isabelle Koske
Download or read book The Usefulness of Output Gaps for Policy Analysis written by Isabelle Koske and published by . This book was released on 2008 with total page 111 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The production function methodology for calculating potential growth rates and output gaps by : Francesca D' Auria
Download or read book The production function methodology for calculating potential growth rates and output gaps written by Francesca D' Auria and published by . This book was released on 2010 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Suite As! written by Punnoose Jacob and published by . This book was released on 2019 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: "The Reserve Bank uses an output gap indicator suite (OGIS) to help estimate the current degree of capacity pressure in the economy. When the output gap is positive, capacity pressures are high and the labour market is likely to be tight. As a consequence, inflation is likely to increase through the Phillips curve relationship. The output gap is hence very important for monetary policy.Unlike GDP, we cannot directly measure the output gap and the estimates of the output gap obtained from statistical models tend to get revised as new datapoints are added. This is particularly true for estimates of the output gap at the endpoint of history. Using a wider range of indicators to assess capacity pressures reduces the degree to which the output gap needs to be revised.This paper augments the existing suite with new indicators. It also evaluates how well each indicator explains inflation in a Phillips curve model, and how well it forecasts inflation and GDP. Overall, we find that the indicators perform well in these evaluations, which confirms that they are useful variables to look at when assessing capacity pressures in New Zealand"--Page 2.
Book Synopsis Business Cycles by : Victor Zarnowitz
Download or read book Business Cycles written by Victor Zarnowitz and published by University of Chicago Press. This book was released on 2007-11-01 with total page 613 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents the most complete collection available of the work of Victor Zarnowitz, a leader in the study of business cycles, growth, inflation, and forecasting.. With characteristic insight, Zarnowitz examines theories of the business cycle, including Keynesian and monetary theories and more recent rational expectation and real business cycle theories. He also measures trends and cycles in economic activity; evaluates the performance of leading indicators and their composite measures; surveys forecasting tools and performance of business and academic economists; discusses historical changes in the nature and sources of business cycles; and analyzes how successfully forecasting firms and economists predict such key economic variables as interest rates and inflation.
Book Synopsis Financial Cycles – Early Warning Indicators of Banking Crises? by : Ms. Sally Chen
Download or read book Financial Cycles – Early Warning Indicators of Banking Crises? written by Ms. Sally Chen and published by International Monetary Fund. This book was released on 2021-04-29 with total page 79 pages. Available in PDF, EPUB and Kindle. Book excerpt: Can the upturns and downturns in financial variables serve as early warning indicators of banking crises? Using data from 59 advanced and emerging economies, we show that financial overheating can be detected in real time. Equity prices and output gap are the best leading indicators in advanced markets; in emerging markets, these are equity and property prices and credit gap. Moreover, aggregating this information flags financial crisis many years before the crisis. Lastly, we find that the length of financial cycles is of medium-term frequency, calling into question the longer frequency widely used in the estimation of countercyclical capital buffers.
Book Synopsis The Public Budget Balance, Fiscal Indicators and Cyclical Sensitivity in the Nordic Countries by : Henrik Braconier
Download or read book The Public Budget Balance, Fiscal Indicators and Cyclical Sensitivity in the Nordic Countries written by Henrik Braconier and published by Nordic Council of Ministers. This book was released on 1999 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt:
