Projecting Potential Output Methods and Problems /

• Main Authors: Wang, Qingwei (Author), Trautwein, Hans-Michael (Author), Schrimpf, Andreas (Author), Kraus, Margit (Author), Kappler, Marcus (Author), Heinemann, Friedrich (Author), Hauptmeier, Sebastian (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Heidelberg : Physica-Verlag HD, 2009.
• Series: ZEW Economic Studies, 42
• Subjects: Macroeconomics.; Economic growth.; Economics.; Economic Growth.; Macroeconomics/Monetary Economics//Financial Economics.

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 bac...

Table of Contents:

• THEORETICAL PART
• 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.