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Title Projecting potential output : methods and problems / by Sebastian Hauptmeier, Friedrich Heinemann, Marcus Kappler, Margit Kraus, Andreas Schrimpf, Hans-Michael Trautwein, Qingwei Wang
Published Heidelberg : Physica-Verlag : ZEW, ©2009

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Description 1 online resource (vii, 200 pages) : illustrations
Series ZEW economic studies ; vol. 42
ZEW economic studies ; 42.
Contents THEORETICAL PART -- Introduction -- The Concept of Potential Output: A History of Origins -- Historical Positions and Controversies -- Epistemological Subsumption -- METHODOLOGICAL-EMPIRICAL PART -- Analysis and Criticism of Conventional Methods of Estimation -- Analysis of the Declining Trend in Germany's Potential Growth Performance -- Alternative Methods for a Forward-Looking Assessment of Potential GDP Growth -- Conclusions for Economic Policy and Empirical Macroeconomics
Summary In spite of the widespread use of the concept of potential output in economic theory and empirical applications as well as in economic policy debates, the historical background and the assumptions inherent to this concept are rarely made transparent, let alone critically questioned. Against this background this book sets out to determine the extent to which the concept of potential output rests on clearly defined theoretical foundations and how far prevailing empirical quantification methods really provide reliable insights into potential output growth of an economy. In addition, the authors examine alternative methods for a forward-looking assessment of potential output growth
Bibliography Includes bibliographical references
Notes Print version record
Subject Industrial productivity -- Forecasting
Industrial efficiency -- Forecasting
BUSINESS & ECONOMICS -- Economics -- Macroeconomics.
POLITICAL SCIENCE -- Economic Conditions.
Industrial efficiency -- Forecasting.
Industrial productivity -- Forecasting.
Industrial productivity -- Forecasting
Form Electronic book
Author Hauptmeier, Sebastian, author
Heinemann, Friedrich, 1964- author.
Kappler, Marcus, author
Kraus, Margit, author
Schrimpf, Andreas, author
Trautwein, Hans-Michael, 1957- author.
Wang, Qingwei (Finance) author
Zentrum für Europäische Wirtschaftsforschung.
LC no. 2009921248
ISBN 9783790821772
3790821772