INVESTIGATING MACROECONOMIC STABILITY USING THE OUTPUT GAP
| Title: | INVESTIGATING MACROECONOMIC STABILITY USING THE OUTPUT GAP |
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| Authors: | Emilia TITAN, Vladimir GEORGESCU |
| Source: | Revista Română de Statistică, Vol 61, Iss 02, Pp 45-59 (2013) |
| Publisher Information: | Romanian National Institute of Statistics, 2013. |
| Publication Year: | 2013 |
| Collection: | LCC:Statistics |
| Subject Terms: | output gap, potential output, business cycles, density, simulation, Statistics, HA1-4737 |
| More Details: | The purpose of the article is to illustrate the importance of the output gap in analysing macroeconomic stability in general and business cycle dynamics in particular. Ten EU countries are considered, with five old members and five new members. For all ten countries the data for the period 1999-2014 is used, but for four countries, namely France, the United Kingdom, Italy and Spain additional data is available that goes back to 1965, such that the whole period 1965-2014 is covered, which allows for a particular analysis. An empirical analysis is performed with regard to the behaviour of the output gap for different countries over time. The results obtained allow for relevant comparisons and highlight the usefulness of this indicator as a tool in the study of business cycles. |
| Document Type: | article |
| File Description: | electronic resource |
| Language: | English |
| ISSN: | 1018-046X 1844-7694 |
| Relation: | http://www.revistadestatistica.ro/Articole/2013/RRS_02_2013_a2_en.pdf; https://doaj.org/toc/1018-046X; https://doaj.org/toc/1844-7694 |
| Access URL: | https://doaj.org/article/4b518eb5a394495fb9f2325e4668a97b |
| Accession Number: | edsdoj.4b518eb5a394495fb9f2325e4668a97b |
| Database: | Directory of Open Access Journals |
| ISSN: | 1018046X 18447694 |
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| Published in: | Revista Română de Statistică |
| Language: | English |