Stephen Cecchetti, Kim Schoenholtz, (2018), “GDP at risk”, Vox, 11 Ιανουαρίου
The likelihood of another crisis-induced plunge in GDP is much lower today than it was a decade ago, but we are still at an early stage of building a financial stability policy framework that corresponds to the inflation-targeting framework that forms the basis for monetary policy. This column describes a step forward in developing such framework – the concept and measurement of GDP at risk, which helps us to understand the linkages between the financial sector and the real economy at an aggregate level.
Σχετικές Αναρτήσεις
- Cinzia Alcidi, Jorge Núñez Ferrer, Mattia Di Salvo,Roberto Musmeci and Marta Pilati, (2018), «Income Convergence in the EU: A tale of two speeds», CEPS, 9 Ιανουαρίου
- European Central Bank, (2017), «Eurosystem staff macroeconomic projections for the euro area», Δεκέμβριος 2017