Economics, Econometrics and Finance
8 years ago

Financial crisis may permanently reduce supply potential, impacting recovery and stability.

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MNB Bulletin (discontinued)
Possible impacts of the financial crisis on potential output
Péter Gábriel, Gergõ Motyovszky

Paper Summary

The financial crisis can impact potential output by reducing demand and supply potential. Monetary policy can help by smoothing out economic fluctuations. After the crisis, economies have struggled to recover, and the future growth path is uncertain.

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