How economic crises damage potential output: evidence from the Great Recession
Economic crises lead to lower potential output (PO) estimates, but little is known about which components of PO are revised. Our paper answers the questions of how much, how fast, and how persistently estimates of the capital stock, of trend labor, and of trend total factor productivity are revised...
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| Main Authors: | , |
|---|---|
| Format: | Article (Journal) |
| Language: | English |
| Published: |
16 July 2020
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| In: |
Journal of macroeconomics
Year: 2020, Volume: 65, Pages: 1-14 |
| ISSN: | 0164-0704 |
| DOI: | 10.1016/j.jmacro.2020.103239 |
| Online Access: | Verlag, lizenzpflichtig, Volltext: https://doi.org/10.1016/j.jmacro.2020.103239 Verlag, lizenzpflichtig, Volltext: http://www.sciencedirect.com/science/article/pii/S0164070420301658 
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| Author Notes: | Jonas Dovern, Christopher Zuber |
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