| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13428 |
| DP13428 The Fall in UK Potential Output due to the Financial Crisis: a Much Bigger Estimate | |
| Nicholas Crafts | |
| 发表日期 | 2019-01-04 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Conventional estimates suggest that the 2007-9 financial crisis reduced UK potential output by 3.8 to 7.5 per cent of GDP. This implied a need for fiscal tightening as the structural budget deficit had increased considerably. The austerity that followed led to the rise of UKIP, the EU referendum and the vote for Brexit. Brexit will reduce potential output by somewhere between 3.9 and 8.7 per cent of GDP. Thus, it can be argued that the total fall in UK potential output due to the banking crisis is approximately double the conventional estimate. |
| 主题 | Economic History ; Macroeconomics and Growth |
| 关键词 | Austerity Brexit Financial crisis Potential output |
| URL | https://cepr.org/publications/dp13428 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/542244 |
| 推荐引用方式 GB/T 7714 | Nicholas Crafts. DP13428 The Fall in UK Potential Output due to the Financial Crisis: a Much Bigger Estimate. 2019. |
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