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The impact of the financial crisis on supply

Author

Listed:
  • 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.

Suggested Citation

  • Benito, Andrew & Neiss, Katharine & Price, Simon & Rachel, Lukasz, 2010. "The impact of the financial crisis on supply," Bank of England Quarterly Bulletin, Bank of England, vol. 50(2), pages 104-114.
  • Handle: RePEc:boe:qbullt:0019
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    Cited by:

    1. Barnett, Alina & Batten, Sandra & Chiu, Adrian & Franklin, Jeremy & Sebastia-Barriel, Maria, 2014. "The UK productivity puzzle," Bank of England Quarterly Bulletin, Bank of England, vol. 54(2), pages 114-128.
    2. Richard Blundell & Claire Crawford & Wenchao Jin, 2014. "What Can Wages and Employment Tell Us about the UK's Productivity Puzzle?," Economic Journal, Royal Economic Society, vol. 0(576), pages 377-407, May.
    3. 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.
    4. Bian, Yuan & Lemoine, David & Yeung, Thomas G. & Bostel, Nathalie & Hovelaque, Vincent & Viviani, Jean-laurent & Gayraud, Fabrice, 2018. "A dynamic lot-sizing-based profit maximization discounted cash flow model considering working capital requirement financing cost with infinite production capacity," International Journal of Production Economics, Elsevier, vol. 196(C), pages 319-332.
    5. Alessandra Guariglia & Marina-Eliza Spaliara & Serafeim Tsoukas, 2016. "To What Extent Does the Interest Burden Affect Firm Survival? Evidence from a Panel of UK Firms during the Recent Financial Crisis," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 78(4), pages 576-594, August.
    6. Anderton, Robert & Aranki, Ted & Dieppe, Alistair & Elding, Catherine & Haroutunian, Stephan & Jacquinot, Pascal & Jarvis, Valerie & Labhard, Vincent & Rusinova, Desislava & Szörfi, Béla, 2014. "Potential output from a euro area perspective," Occasional Paper Series 156, European Central Bank.
    7. 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.
    8. Fernandez-Corugedo, Emilio & McMahon, Michael & Millard, Stephen & Rachel, Lukasz, 2011. "Understanding the macroeconomic effects of working capital in the United Kingdom," Bank of England working papers 422, Bank of England.

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