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Have the advanced economies suffered a permanent loss of output?
- Source :
- Economic Outlook; Autumn2012, Vol. 36 Issue 4, p5-13, 9p
- Publication Year :
- 2012
-
Abstract
- The article explores the possibility of permanent loss of output in several advanced economies. It compares gross domestic product (GDP) levels before and after the 2007 global financial crisis in countries which include Greece, Australia and Canada. It explains significance of determining the difference between actual and potential output to the implementation of monetary policies. The potential implications of limited credit availability for economic productivity are also discussed.
- Subjects :
- GROSS domestic product
FINANCIAL crises
Subjects
Details
- Language :
- English
- ISSN :
- 0140489X
- Volume :
- 36
- Issue :
- 4
- Database :
- Complementary Index
- Journal :
- Economic Outlook
- Publication Type :
- Academic Journal
- Accession number :
- 83005408
- Full Text :
- https://doi.org/10.1111/j.1468-0319.2012.00926.x