New technologies and productivity growth in the euro area
β Scribed by Focco Vijselaar; Ronald Albers
- Publisher
- Springer-Verlag
- Year
- 2004
- Tongue
- English
- Weight
- 303 KB
- Volume
- 29
- Category
- Article
- ISSN
- 0377-7332
No coin nor oath required. For personal study only.
π SIMILAR VOLUMES
## Abstract We set out a model to compute shortβterm forecasts of the euro area GDP growth in real time. To allow for forecast evaluation, we construct a realβtime dataset that changes for each vintage date and includes the exact information that was available at the time of each forecast. With thi
## Abstract We compare models for forecasting growth and inflation in the enlarged euro area. Forecasts are built from univariate autoregressive and singleβequation models. The analysis is undertaken for both individual countries and EU aggregate variables. Aggregate forecasts are constructed by bo
## Abstract We develop a new version of the production function (PF) approach for estimating the output gap of the euro area. Assuming a CES (constant elasticity of substitution) technology, our model does not call for any (often imprecise) measure of the capital stock and improves the estimation o
## Abstract This paper is an applied study about forecasting trend output and the output gap in the Euro area. The need for trend output forecasts is justified by an analysis of the monetary strategy of the European Central Bank. Trend output serves as a direct inflation indicator and helps to dete