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Potential Output and Demand-Led Growth
2013Potential output is generally understood as the desirable level of output, i.e., the highest which may be attained in any given situation without putting inflationary pressures upon the economy.
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Potential Output and Microeconomic Heterogeneity
SSRN Electronic Journal, 2018I estimate potential output growth using a production function approach applied to individual firm-level data for Italy. The dataset includes 360,000 non-financial corporations over the period 2004-15. I compare these estimates with those obtained from aggregate data, with a view to extracting additional information on the drivers of potential output ...
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Forecasting potential output for Greece
Economic bulletinThis paper presents a description of the current version of the production function methodology used at the Bank of Greece for assessing and forecasting potential output and the output gap. Medium-term projections are also presented: potential output growth is expected to be 1.9%, supported by Total Factor Productivity (TFP) and capital, while the ...
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Potential Output, Output Gap and Great Recession in the Eurozone
2015The thesis regarding output gap estimation is divided into two sections. The first part evaluates the latent potential output of euro area since 1998. The emphasis is put on the inquiry of usefulness of such estimates. The main findings resulting from this analysis are that, while ex-post assessment of potential output can serve as an effective tool ...
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Is potential output growth falling?
2017We document differences between the evolution of a measure of potential output growth and the evolution of a measure of potential output per capita growth using time-varying parameter models estimated for four advanced economies (Canada, Germany, the United Kingdom and the United States).
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