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This paper argues that incorporating information about the financial cycle is important to improve measures of potential output and output gaps. Conceptually, identifying potential output with non-inflationary output is too restrictive. Potential output is seen as sustainable; yet experience...
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Mitte Juni 2012 hat die Universität Liechtenstein den Leiter der Konjunkturforschungsstelle Liechtenstein (KOFL), Prof. Dr. Carsten-Henning Schlag, beauftragt, einen Bericht zur volkswirtschaftlichen Bedeutung der Hochschulbildung in Liechtenstein zu erstellen. Der Bericht baut auf einer...
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