文章基本信息

标题：INVESTIGATING MACROECONOMIC STABILITY USING THE OUTPUT GAP
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作者：Prof. univ. dr. Emilia ŢIŢAN ; Drd. Vladimir GEORGESCU
期刊名称：Revista Română de Statistică
印刷版ISSN：1018-046X
电子版ISSN：1844-7694
出版年度：2013
卷号：2
出版社：Romanian National Institute of Statistics
摘要：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 fi ve old members and fi ve 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.
关键词：output gap; potential output; business cycles; density; simulation