Year: 2009
Type: article
Abstract: Potential output is an important concept in economics. Policymakers often use a one-sector neoclassical model to think about long-run growth, and they often assume that potential output is a smooth series in the short run—approximated by a medium- or long-run estimate.
Authors: Susanto Basu, John G. Fernald
Institutions: National Bureau of Economic Research, Boston College
Language: English
Domain: Social Sciences
Open Access status: gold
OpenAlex ID: W2102406099