27/01/17
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| 8:45 – 9:15 | Registration |
| 9:15 – 9:45 | Introductory Remarks : I. Lebrun (Chairman of EPC's Output Gap Working Group); W. Roeger (European Commission); C. Planas (Joint Research Centre - Ispra) |
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Morning Session : The Real Time Reliability of the Output Gap Calculation Methodologies used by the IMF, the OECD, the European Commission, & the ECB (Chair : I. Lebrun) |
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| 9:45 - 10:30 | "Output Gaps in Real Time", O. Bizimana, International Monetary Fund (IMF) Discussant : A. Rossi, Joint Research Centre (JRC) |
| 10:30 - 11:15 | "Investigations into improving the real time reliability of OECD output gap estimates (736 kB)  ", D. Turner, Organisation for Economic Cooperation & Development (OECD)Discussant : G. Kempkes, Bundesbank, Germany |
| 11:15 - 11:30 | Coffee Break |
| 11:30 - 12:15 | "An assessment of the relative quality of the Output Gap estimates produced by the EU's production function methodology(566 kB)", K. Mc Morrow, European Commission. Discussant : C. Peroni, STATEC, Luxembourg |
| 12:15 - 13:00 | "A survey-based measure of slack(186 kB)", B. Szorfi, European Central Bank (ECB) Discussant : W. Suyker, CPB Netherlands |
| 13:00 - 14:00 | Lunch Break |
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Afternoon Session : Output Gap Calculation Methodologies : An evaluation of their reliability & possible new approaches
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| 14:00 - 14:45 | "Output Gap Measurement : Judgement & Uncertainty(562 kB)", P. Dhami, UK Office for Budgetary Responsibility (OBR) Discussant : M. Anastasatou, Ministry of Finance, Greece |
| 14:45 - 15:30 | "An Evaluation of the EU's Production Function Methodology - Does the structural balance guide fiscal policy pro-cyclically?(3 MB)" T. Kuusi, Finnish Research Institute (ETLA) Discussant : Zsolt Darvas, Bruegel |
| 15:30 - 16:15 | "Denmark's Output Gap Measurement Methodology : Real time reliability & differences with the EU's approach(2 MB)", A. Christensen, Finance Ministry Denmark Discussant : X. Timbeau, OFCE France |
| 16:15 - 16:30 | Coffee Break |
| 16:30 - 17:15 | "The European Commission's New NAIRU : Does it Deliver(484 kB)", K. Rietzler, Macroeconomic Policy Institute (IMK, Dusseldorf Germany) Discussant : A. Thum, European Commission |
| 17:15 - 18:00 | "Rethinking potential output : Embedding information about the financial cycle(435 kB)", (Bank for International Settlements WP404) : M. Juselius, Bank of Finland Discussant : R. Raciborski, European Commission |
| 18:00 | Close of Workshop |
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