Using financial variables to estimate the Irish output gap: do they make a difference?

Author (Corporate)
Publisher
Series Title
Series Details No.4, December 2015
Publication Date 04/12/2015
ISBN 978-92-79-48744-6
ISSN 2443-8030
EC KC-BE-15-004-EN-N
Content Type

Summary:

Standard potential output estimates during Ireland’s housing boom failed to detect the build-up of imbalances and risks to the country’s public finances. This paper looks at an alternative methodology, including financial variables such as property prices and bank credit, which would have supported a more cautious assessment at the time.

Written by Mirzha de Manuel Aramendía, Rafal Raciborski

Source Link http://dx.publications.europa.eu/10.2765/619075
Subject Categories
Countries / Regions ,
Record URL https://www.europeansources.info/record/?p=493892