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

Bijapur, M. (2012). Do financial crises erode potential output? evidence from OECD inflation responses. Economics Letters, 117(3), 700-703. https://doi.org/10.1016/j.econlet.2011.12.090
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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.

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