Modelling Italian Potential Output and the Output Gap

Bassanetti, Antonio; Caivano, Michele; Locarno, Alberto

doi:10.2139/ssrn.1788071

Cited by 29 publications

(2 citation statements)

References 99 publications

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“…The study has concluded that the output gap relied on a relatively narrow band from the used methodology of the observations. Finally, the study has shown that people's demand narrowed due to the regular decline in factors productivity hindered the sustainable development of the economy of Nepal (Bhandari, 2010).…”

Section: Literature Reviewmentioning

confidence: 97%

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Resource Gap Analysis in Nepalese Budgetary System

Adhikari¹

2019

Econ. Rev. Nep.

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Resource gap analysis in the Nepalese budget system has attempted to focus on both the situation at the current level and the estimated future value. Therefore, the study has applied both the OLS and ECM models, to look at the GNS and GCF relation to GNI. The result has been compared to the current situation and the target level of performance in the future. With the analysis of unexplained residual factors, RGA in budgetary operation has been examined between GNI as a resource and what rate of resource would be needed to satisfy future needs at the national level. However, these models gave the same conclusion that resource gaps have got irregular with the rate of 12 per cent speed of disequilibrium. With this performance of resource gap, the government agency and others rigorously understood the resource it currently has and the need for resources to meet the goal. The forecasting further would also provide valuable suggestions for expanding other areas of development by diverting their capacity to correct the resource gap in the budgetary system.

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Section: Literature Reviewmentioning

confidence: 97%

“…Further, the budget is the means of policy building and implementation through the planning decision. It acts as the supporting framework for the policy and law of the government (Bhandari, 2010).…”

Section: Introductionmentioning

confidence: 99%

Resource Gap Analysis in Nepalese Budgetary System

Adhikari¹

2019

Econ. Rev. Nep.

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The trend–cycle decomposition of output and the Phillips curve: Bayesian estimates for Italy and the Euro area

2015

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Revisiting the countercyclicality of fiscal policy

Jalles,

Kiendrebeogo,

Lam

et al. 2024

Empir Econ

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This paper provides a novel dataset of time-varying measures on the degree of countercyclicality of fiscal policies for advanced and developing economies between 1980 and 2021. The use of time-varying measures of fiscal stabilization, with special attention to potential endogeneity issues, overcomes the major limitation of previous studies and allows the analysis to account for both country-specific as well as global factors. The paper also examines the key determinants of countercyclicality of fiscal policy with a focus on factors as severe crises, informality, financial development and governance. Empirical results show that (i) fiscal policy tends to be more countercyclical during severe crises than typical recessions, especially for advanced economies; (ii) fiscal countercyclicality has increased over time for many economies over the last two decades; (iii) discretionary and automatic countercyclicality are both strong in advanced economies but acyclical (at times procyclical) in low-income countries; (iv) fiscal countercyclicality operates primarily through the expenditure channel, particularly for social benefits; and (v) better financial development, larger government size and stronger institutional quality are associated with larger countercyclical effects of fiscal policy. Our results are robust to various specifications and endogeneity checks.

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Modelling Italian Potential Output and the Output Gap

Cited by 29 publications

References 99 publications

Resource Gap Analysis in Nepalese Budgetary System

Resource Gap Analysis in Nepalese Budgetary System

The trend–cycle decomposition of output and the Phillips curve: Bayesian estimates for Italy and the Euro area

Revisiting the countercyclicality of fiscal policy

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