THE EFFECTS OF BANKING CRISES ON POTENTIAL OUTPUT IN OECD COUNTRIES
Simple 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.
Year of publication: |
2010-08
|
---|---|
Authors: | Barrell, Ray ; Davis, E. Philip ; Liadze, Iana ; Dilruba, Karim |
Institutions: | National Institute of Economic and Social Research |
Saved in:
freely available
Saved in favorites
Similar items by person
-
IS THERE A LINK FROM BANK SIZE TO RISK TAKING?
Barrell, Ray, (2010)
-
THE EFFECTS OF BANKING CRISES ON POTENTIAL OUTPUT IN OECD COUNTRIES
Barrell, Ray, (2010)
-
Does the Current Account Balance Help to Predict Banking Crises in OECD Countries?
Barrell, Ray, (2010)
- More ...