The Euro Area has a growth problem

Matteo Barigozzi, Claudio Lissona () and Matteo Luciani
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Claudio Lissona: https://www.unibo.it/sitoweb/claudio.lissona2/en

No 2025-01-10-3, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: The decomposition of GDP into potential output—the level of output consistent with current technologies and "normal" use of capital and labor—and the output gap—the percentage deviation of GDP from its potential—is a fundamental task for policymakers. Potential output tells us how fast an economy can grow in the long run; the output gap helps assess the cyclical position of the economy and, thus, potential inflationary pressures (Jarociński and Lenza, 2018).

Date: 2025-01-10
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:2025-01-10-3

DOI: 10.17016/2380-7172.3662

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