Working Paper Series

We support in-depth, multidisciplinary research that carefully examines the conceptual frameworks of economic thinking. This series focuses on critical areas in the discipline that are relevant right now.

The performativity of potential output: Pro-cyclicality and path dependency in coordinating European fiscal policies

This paper analyzes the performative impact of the European Commission’s model for estimating ‘potential output’, which is used as a yardstick for measuring the ‘structural budget balance’ of EU countries and, hence, is crucial for coordinating European fiscal policies. Read more