This study aims at investigating the extent and causes of revisions of output gap estimates and at analyzing methodological issues along different phases of the business cycle. Based on this, possibilities for improvement of the European Commission's...

Since March 2015 the Kiel Institute for the World Economy advises the European Parliament on issues related to monetary and economic policy. In particular the Kiel Institute prepares surveys on current issues of currency and monetary policies in the...

The LIME working group is intended to drive forward the development of methodological approaches to track, analyse and model structural reforms carried out in the context of the Lisbon strategy and the Integrated Guidelines in order to increase...

KBW 19: Measures of potential output and the output gap are of great importance for policy-makers who need to assess the cyclical position of the economy and its productive capacity.

KKB 1: Die weltwirtschaftliche Expansion ist im Verlauf des Jahres 2014 erneut ins Stocken geraten. Von einem Aufschwung, der von allen Regionen getragen wird,

Kiel Policy Brief No. 15: The weakness of credit growth in the United States and Europe has given rise to concerns that the financial crisis has led to a credit crunch which has deepened the recession in the real economy and poses a serious threat to...

KKB 13: Global growth slowed in 2015. While we forecast the world economy to gradually gain momentum over the coming two years, the upturn is expected to be slo

KBW 12: The trend decline of productivity growth in Germany is not due to a single cause but is the result of the interplay of multiple factors with time-varying relative importance.

The Macroeconomic Imbalance Procedure (MIP) is part of the so-called Sixpack legislation of 2011 which was enacted to strengthen macroeconomic governance and is embedded in the European Semester. The MIP aims to identify, prevent and address the...