The 2008 financial crisis and potential output in Asia: Impact and policy implications

• Main Authors: Park, Cyn-Young, Majuca, Ruperto P., Yap, Josef T.
• Format: text
• Published: Animo Repository 2011
• Subjects: Asia—Economic conditions; Financial crises—Asia; Global Financial Crisis, 2008-2009; Economic development—Asia; Economics
• Online Access: https://animorepository.dlsu.edu.ph/faculty_research/7979
• Institution: De La Salle University

Monitoring the behavior of potential output helps policymakers implement appropriate policies in response to an economic crisis. In the short-run, estimates of the output gap can guide the timing of the implementation and withdrawal of stimulus measures. In the medium- to long-term, these estimates...