Projecting Potential Output: Methods and Problems
Qingwei Wang, Hans-Michael Trautwein, Andreas Schrimpf, Margit Kraus, Marcus Kappler, Friedrich Heinemann, Sebastian Hauptmeier (auth.)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.
Catégories:
Année:
2009
Edition:
1
Editeur::
Physica-Verlag Heidelberg
Langue:
english
Pages:
200
ISBN 10:
3790821764
ISBN 13:
9783790821765
Collection:
ZEW Economic Studies 42
Fichier:
PDF, 5.16 MB
IPFS:
,
english, 2009
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