Do financial crises erode potential output? Evidence from OECD inflation responses

Mohan Bijapur

Economics Letters, 2012, vol. 117, issue 3, 700-703

Abstract: This paper presents evidence from a panel investigation of OECD countries that inflationary pressures tend to be stronger during recovery from financial crises compared to recovery from non-crisis economic downturns, indicating impairment in productive potential.

Keywords: Financial crisis; Potential output; Inflation; Credit crunch (search for similar items in EconPapers)
JEL-codes: E31 E32 (search for similar items in EconPapers)
Date: 2012
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Citations: View citations in EconPapers (16)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:117:y:2012:i:3:p:700-703

DOI: 10.1016/j.econlet.2011.12.090

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