Projecting Potential Output - E-book

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Projecting Potential Output - ENG

Methods And Problems

Sebastian Hauptmeier; Friedrich Heinemann; Marcus Kappler; Margit Kraus; Andreas Schrimpf; Hans-Mich

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Sinopsis

ISBN:	9783790821772
Formato:	Page Fidelity
Idioma:	Inglés
Editorial:	Springer Nature
Tema:	Negocios y economía
Subtema:	Desarrollo desarrollo económico
Año de publicación:	2009-04-20

In spite of the widespread use of the concept of potential output in economic theory and empirical applications as well as in economic policy debates, the historical background and the assumptions inherent to this concept are rarely made transparent, let alone critically questioned. Against this background this book sets out to determine the extent to which the concept of potential output rests on clearly defined theoretical foundations and how far prevailing empirical quantification methods really provide reliable insights into potential output growth of an economy. In addition, the authors examine alternative methods for a forward-looking assessment of potential output growth.

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