The Effect of Financial Crises on Potential Output: New Empirical Evidence from OECD Countries
收藏Organisation for Economic Co-operation and Development2026-04-11 收录
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The aim of this paper is to assess the impact of financial crises on potential output. For this purpose a univariate autoregressive growth equation is estimated on an unbalanced panel of OECD countries over the period 1960 to 2007. Our results suggest that the occurrence of a financial crisis negatively and permanently affects potential output. In...
