Steady as She Goes-Estimating Potential Output During Financial "Booms and Busts".

Steady as She Goes-Estimating Potential Output During Financial "Booms and Busts".

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Steady as She Goes—Estimating Potential Output During Financial “Booms and Busts”

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Potential output—in the sense of the GDP level or path an economy can sustain over the medium term—is a crucial benchmark for policymakers. However, it is d

Spain

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This Selected Issues paper presents a preliminary assessment of recent labor market reforms in Spain, where the 2012 labor market reforms are making a differenc

Booms, Crises, and Recoveries: A New Paradigm of the Business Cycle and its Policy Implications

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All types of recessions, on average, not just those associated with financial and political crises (as in Cerra and Saxena, AER 2008), lead to permanent output

A Fresh Look at Potential Output in Central, Eastern, and Southeastern European Countries

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Was the postcrisis growth slowdown in Central, Eastern and Southeastern Europe (CESEE) structural or cyclical? We use three different methods—production funct