Top Tweets for #PotentialOutput
📘 Our new EMPN publication on #Norms Behind #Numbers
Europe’s #FiscalRules rely on a concept that isn’t as “technical” as it looks: #PotentialOutput.
Here’s why its legal foundations matter. 🧵

#SUERFpolicybrief "Mind the gaps: Financial Cycles and Output Gap in the euro area" by Justine Guillochon (@CUNY) and Julien Le Roux (@banquedefrance)
#OutputGap #PotentialOutput #FinancialCycle #MonetaryPolicy

#WorkingPaper from SF Fed Research: The Impact of COVID on Productivity and Potential Output by John Fernald and Huiyu Li: https://t.co/RRu1tWTa4f | #SFFedResearch #econtwitter #growthaccounting #productivity #potentialoutput

#UncertaintyPrinciple for #FiscalRules: You cannot estimate #PotentialOutput and #OutputGap to measure cyclical fiscal indicators without taking into account the economic effects of fiscal policy itself. The European Fiscal Framework is doing so, which is one reason why it fails.
@heimbergecon @HogrefeJens @PhilippaSigl @HogrefeJens/ @ClausMichelsen: das kann man ja simulieren: aktuelle Prognose plus bspw 5% Investitionsprogramm. Multiplikator 1? -> höhere Beschäftigung. Wo käme man da potenzialmässig raus? Ist es sinnvoll, dass Defizit/ Leistungsbilanz bei Gap Schätzung unberücksichtigt bleibt?
#EU15Enlargement panel on macroeconomic policy reforms with Istvan Szekely @ecfin, Kori Udovicki @CEVES1, Mateusz Szczurek @EBRD & Dusan Mramor @EFLjubljana who critically remarked that #EuroArea #PotentialOutput calculations are rocket science of a rocket that does not fly

Was at @thebankofghana this morning to make a presentation on estimating #potentialoutput and #outputgap of Ghana. The paper was well received and had valuable comments and input. Grateful to the Governor Addison and staff for making this possible.@ECA_OFFICIAL @MBawumia
E parliamo di <potential output>, o <PIL potenziale>.
#PotentialOutput
Secondo le regole europee, l'Italia ha già raggiunto il suo potenziale di crescita.
Quindi no a politiche espansive, altrimenti si rischia di scendere sotto la "disoccupazione di equilibrio" e di far crescere troppo i salari.
Crazy rules, ma c'è del metodo in questa follia...
My comments on #Palumbo on #potentialoutput @azimpremjiuniv #AdvMacro2018 the deeper supply-side growth theory implication: no role for policy vs. Demand-led growth theory implication: multiple policy options 1/3
Mainstream measures of potential output are highly volatile, unreliable and ultimately based on some estimate of actual output.
Potential output is derived from actual output, and is path dependent
Antonella Palumbo speaking at #AdvMacro2018
After the first talk on #potentialoutput, the second dealt with #competition in macroeconomics #AdvMacro2018 @azimpremjiuniv
@azimpremjiuniv Limakumba Walling talked about the notion of competition on Keynesian, Kaleckian, neoclassical and classical economics. He talked about the emphasis on short run periods and long run Dynamics. Prof. Palumbo and Prof, Daniel Heymann provided comments. @alexmthomas
For the next 2 days, we will be discussing macroeconomics, especially how to improve it @azimpremjiuniv #structuralmacro #potentialoutput #demand-ledgrowth #Indianeconomy #debt #competition #monetaryeconomics
Prof. Yuriy Gorodnichenko has just presented his paper about estimation of potential output showing implications for fiscal policy.
#NBERSI #NBER #macroeconomics #potentialoutput #econometrics #fiscalpolicy

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