For a More Economics-Based Foundation of Trend-TFP in the Estimation of Potential Output
Abstract In the production function-based approach proposed by the European Commission for the estimation of the potential output, trend total factor productivity (TFP) is indirectly estimated on the basis of cyclical factors. Instead, this article proposes a more economics-based foundation of trend...
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| Format: | Article |
| Language: | deu |
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Springer
2022-11-01
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| Series: | Wirtschaftsdienst |
| Online Access: | https://doi.org/10.1007/s10273-022-3326-x |