Potential output is an elusive concept. This stands in sharp contrast to its prominent role in economic analysis. In particular, monetary targetting as practised by the Deutsche Bundesbank relies on an estimate of future potential output growth. Different approaches usually lead to fairly...

En este articulo se examina la caida del producto por habitante de la region latinoamericana a partir de 1981. La capacidad productiva se estanco porque la inversion descendio a niveles insuficientes para acrecentar el producto potencial. Este descenso, a su vez, se debio fundamentalmente a las...