In spite of the widespread use of the concept of potential output in economic theory and empirical applications as well …

view, economic theory may be useful not only by providing predictions, but also by pointing out weaknesses of arguments. It … is argued that, when a theory requires a non-trivial act of interpretation, it's roles in producing predictions and …

view, economic theory may be useful not only by providing predictions, but also by pointing out weaknesses of arguments. It … is argued that, when a theory requires a non-trivial act of interpretation, its roles in producing predictions and …