The Effects Of Banking Crises On Potential Output In Oecd Countries
AbstractSimple time series models looking for the effect of financial crises on output generally find that they reduce the sustainable level of output permanently. However, not all crises are the same, with some being caused by recessions and others causing or preceding recessions. Using a common definition of crises in 13 OECD countries we look at the determinants of productivity per person hour, and include the possibility of a step down in the level of trend productivity around the time of crises.
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Bibliographic InfoPaper provided by National Institute of Economic and Social Research in its series NIESR Discussion Papers with number 357.
Date of creation: Aug 2010
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- Ray Barrell & E. Philip Davis & Iana Liadze & Karim Dilruba, 2010. "The Effects Of Banking Crises On Potential Output In Oecd Countries," NIESR Discussion Papers 358, National Institute of Economic and Social Research.
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