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Projecting Potential Output

Name: Projecting Potential Output
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 01738093
Price: 39740 HUF
Availability: InStock
Author: Sebastian Hauptmeier
ISBN: 9783790821765

Methods and Problems

Sebastian Hauptmeier

Friedrich Heinemann

Marcus Kappler

Language

English

Book Paperback

Libristo code: 01738093

Publishers Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, February 2009

In spite of the widespread use of the concept of potential output in economic theory and empirical a... Full description

Libristo code: 01738093

271 b

39 740 Ft

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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.