Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/154609
Authors: 
Anderton, Robert
Aranki, Ted
Dieppe, Alistair
Elding, Catherine
Haroutunian, Stephan
Jacquinot, Pascal
Jarvis, Valerie
Labhard, Vincent
Rusinova, Desislava
Szörfi, Béla
Year of Publication: 
2014
Series/Report no.: 
ECB Occasional Paper 156
Abstract: 
This paper reviews potential output from a euro area perspective by summarising the developments according to international institutions and assessing the impact of the crisis. The paper also considers the methodological basis for potential output estimates, and the high degree of uncertainty that surrounds them. Although it is too early to see the full effects of structural reforms implemented since 2007/08, further structural reforms are needed to support euro area potential growth, especially in view of the negative impact that population ageing is expected to have on potential growth in the future.
Subjects: 
output gap
potential output
production function
structural reforms
JEL: 
C5
E6
C62
Document Type: 
Research Report

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