Output gap, participation and minimum income: a proposal for Italy

Author(s):  
Giacomo Bracci ◽  
Walter Paternesi Meloni ◽  
Pasquale Tridico
Keyword(s):  
2015 ◽  
Vol 15 (2) ◽  
pp. 37-52
Author(s):  
Mahpud Sujai

This paper is intended to analyze the effect of oil price changes on potential output and actual output in the state budget cycle and identifies the output gap which is the difference between potential output and actual output. The research methodology uses a quantitative approach to analyze problems that occur related to the impact of oil price changes to the state budget cycle. Data analysis was carried out through the approach cyclically adjusted fiscal balance with a simplified approach. This research identified that the potential output is likely to continue increasing in line with Indonesia's oil price trends which is continue to rise following the world oil price movements. In calculating the output gap using a linear trend and HP filter, the result is fuctuating depend on the percentage changes in both potential output and actual output. This paper concludes that Indonesian oil price (ICP) has a significant impact on changes in the state budget cycle. If oil prices rise, the output gap between potential output and actual output is greater, and vice versa. This will make the budget vulnerable to shock that occurs as an external infuence.


2008 ◽  
Author(s):  
Erwin Ooghe ◽  
Erik Schokkaert
Keyword(s):  

Author(s):  
Mustapha Baghli ◽  
Carine Bouthevillain ◽  
Olivier de Bandt ◽  
Henri Fraisse ◽  
Hervé le Bihan ◽  
...  
Keyword(s):  

Author(s):  
Varvara Lalioti ◽  
Christos Koutsampelas

Abstract This exploratory paper utilises a comparative research approach to shed light upon the developmental trajectories of the Greek and Cypriot guaranteed minimum income (GMI) schemes. Our analysis indicates that, despite similarities (e.g. in the emergence of the two schemes, as part of the extensive reforms imposed during the financial crisis on the Greek and Cypriot welfare systems), there are also significant differences. These mainly relate to implementation and, ultimately, the “success” of the two schemes in attaining their declared goals. Moreover, we argue that the developmental paths followed by the Greek and Cypriot GMI schemes should be interpreted in the light of key variables (“functionalist,” “political” and “institutional”), often used to explain the establishment and further evolution of such schemes. Within this context, the relatively “superior” performance of the Cypriot GMI, compared with the Greek scheme, is largely attributed to factors such as government effectiveness and political stability.


2021 ◽  
Vol 9 (1) ◽  
pp. 1887550
Author(s):  
Adisu Abebaw
Keyword(s):  

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