Output Gap Similarities in Europe: Detecting Country Groups

Interest rate and output gap: Does central bank credibility matter?

This paper studies the effects of central bank credibility on nominal interest rate and output gap on 17 inflation targeting (IT) developing countries using Instrument Variables (IV) over a period that spans 24 years (1996-2019). In the first stage, using new Keynesian model is obtained “Credibility loss” index to measure the importance of central bank past performance and its deviation from it...

Detecting Structural Similarities between XML Documents

In this paper we propose a technique for detecting the similarity in the structure of XML documents. The technique is based on the idea of representing the structure of an XML document as a time series in which each occurrence of a tag corresponds to a given impulse. By analyzing the frequencies of the corresponding Fourier transform, we can hence state the degree of similarity between document...

Globalization and Similarities in Corporate Governance: A Cross-Country Analysis

Some scholars have argued that globalization should pressure firms to adopt a common set of the most efficient corporate governance practices, while others maintain that such convergence will not occur because of a variety of forms of path-dependence. With new data on governance in 24 developing countries as well as data on laws protecting shareholders and creditors in 49 developed and developi...

Estimating the Output Gap in Real Time

I propose a novel method of estimating the potential level of U.S. GDP in real time. The proposed wage-based measure of economic potential remains virtually unchanged when new data are released. The distance between current and potential output – the output gap – satisfies Okun’s law and outperforms many other measures of slack in forecasting inflation. Thus, I provide a robust statistical tool...

Analyzing Women’s Employment and Fertility Rates in Europe: differences and similarities in Northern and Southern Europe