Purpose This paper aims to uncover the significance of capacity, capacity utilization (CU)
and its role in the quality and productivity improvement in an industrial environment …

Abstract The Excessive Deficit Procedure (EDP), central to the Stability and Growth Pact, has
been criticized from opposite ends. Some blame the EDP for imposing too much fiscal …

This paper investigates the information content of a large sectoral mixed-frequency business
tendency survey for Switzerland relative to competing early available monthly information …

We estimate the determinants of capital intensity in Japan and the US, characterized by
striking different paths. We augment an otherwise standard Constant Elasticity of …

Many central banks now publish transcripts or summaries of meeting discussions and record
policy preferences of individual members of policymaking committees. We present an …

This study analyzes how competition affects price stickiness at the micro level. On the
theoretical side, I develop what I call a micro Phillips curve, ie a product-specific relation …

In this paper we extend the Bayesian unobserved components model of the EU Commission
to estimate the cyclical component of total factor productivity (TFP gap) with a factor structure …

Forecasting real economic activity poses a considerable challenge not only due to hard-to-
predict events like the current financial crisis but also due to the fact that targeted variables …

The aim of the paper is to assess the informational content of a survey-based measure of the
Brazilian manufacturing capacity utilization rate produced by the Brazilian Institute of …

This study employs a micro-econometric model to estimate an output gap based on
microdata from business tendency surveys and annual reports on enterprises' activities …