Working Paper 10-09 - Impact de la crise financière sur le PIB potentiel de la Belgique

Igor Lebrun

Working Papers from Federal Planning Bureau, Belgium

Abstract: The concepts of potential growth and output gap are important tools to evaluate the state of the business cycle and to assess the supply-side capacity of an economy. They have also become an essential ingredient of the European fiscal surveillance process. However, the global economy is facing its most widespread crisis in the post-war era and consequently the uncertainty regarding the impact of the crisis on supply-side conditions is enormous. In this Working Paper we compare revisions on potential growth for Belgium made recently by the Federal Planning Bureau and international organizations. Those comparisons aim at highlighting the uncertainty associated with those revisions as well as understanding better some of the channels through which the crisis may reduce potential output.

Keywords: Potential output; Output gap; Financial crisis (search for similar items in EconPapers)
JEL-codes: C5 E1 O47 (search for similar items in EconPapers)
Date: 2009-09-22
References: Add references at CitEc
Citations: View citations in EconPapers (3)

Downloads: (external link)
https://www.plan.be/uploaded/documents/200909281254190.wp200910.pdf version française (application/pdf)
Our link check indicates that this URL is bad, the error code is: 503 Service Unavailable

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fpb:wpaper:200910

Access Statistics for this paper

More papers in Working Papers from Federal Planning Bureau, Belgium Contact information at EDIRC.
Bibliographic data for series maintained by Dominique van der Wal ().