Proaño Acosta, Christian - In: Wirtschaftsdienst : Zeitschrift für Wirtschaftspolitik 102 (2022) 11, pp. 838-841
proposes a more economics-based foundation of trend-TFP that is based on the arguments of the endogenous growth theory. A … the potential output and, by extension, of the economy's output gap. This may have far-reaching consequences for the … conduct of monetary and fiscal policy, e. g. in the context of the German debt brake. …