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

Mohan Bijapur

LSE Research Online Documents on Economics from London School of Economics and Political Science, LSE Library

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)

Published in Economics Letters, 2012, 117(3), pp. 700-703. ISSN: 0165-1765

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