Do financial crises erode potential output? evidence from OECD inflation responses

Bijapur, Mohan (2012) Do financial crises erode potential output? evidence from OECD inflation responses. Economics Letters, 117 (3). pp. 700-703. ISSN 0165-1765

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Abstract

This paper presents evidence from a panel investigation of OECD countries that inflationary pressures tend to be stronger during recovery from financial crises compared to recovery from non-crisis economic downturns, indicating impairment in productive potential.

Item Type:	Article
Official URL:	http://www.sciencedirect.com/science/journal/01651...
Additional Information:	© 2012 Elsevier B.V.
Divisions:	Economics
Subjects:	H Social Sciences > HC Economic History and Conditions
JEL classification:	E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E31 - Price Level; Inflation; Deflation E - Macroeconomics and Monetary Economics > E3 - Prices, Business Fluctuations, and Cycles > E32 - Business Fluctuations; Cycles
Date Deposited:	01 May 2014 08:25
Last Modified:	12 Dec 2024 00:16
URI:	http://eprints.lse.ac.uk/id/eprint/56616

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