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The impact of the financial crisis on supply

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Author Info

  • Benito, Andrew

    ()
    (Bank of England)

  • Neiss, Katharine

    ()
    (Bank of England)

  • Price, Simon

    ()
    (Bank of England)

  • Rachel, Lukasz

    ()
    (Bank of England)

Abstract

Output fell sharply in the United Kingdom during the recent global financial crisis, some of which is likely to have reflected a contraction in the economy’s supply capacity. This article considers the impact of financial crises on supply and the potential channels through which supply may have been affected during the recent recession. It is likely that the downturn has resulted in a fall in companies’ effective supply capacity although the magnitude of that impairment is difficult to gauge.

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File URL: http://www.bankofengland.co.uk/publications/quarterlybulletin/qb100202.pdf
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Bibliographic Info

Article provided by Bank of England in its journal Bank of England Quarterly Bulletin.

Volume (Year): 50 (2010)
Issue (Month): 2 ()
Pages: 104-114

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Handle: RePEc:boe:qbullt:0019

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Cited by:
  1. Thomas, Ryland & Hills, Sally & Dimsdale, Nicholas, 2010. "The UK recession in context — what do three centuries of data tell us?," Bank of England Quarterly Bulletin, Bank of England, vol. 50(4), pages 277-291.
  2. Fernandez-Corugedo, Emilio & McMahon, Michael & Millard, Stephen & Rachel, Lukasz, 2011. "Understanding the macroeconomic effects of working capital in the United Kingdom," The Warwick Economics Research Paper Series (TWERPS) 959, University of Warwick, Department of Economics.
  3. Richard Blundell & Claire Crawford & Wenchao (Michelle) Jin, 2013. "What can wages and employment tell us about the UK's productivity puzzle?," IFS Working Papers W13/11, Institute for Fiscal Studies.
  4. Burgess, Stephen, 2011. "Measuring financial sector output and its contribution to UK GDP," Bank of England Quarterly Bulletin, Bank of England, vol. 51(3), pages 234-246.

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