Warnings of hysteresis for the EU economy

Thursday, July 02, 2009

The recession and financial crisis may lead to a permanent loss in potential economic output and a slower trend rate of growth in the future according to a new study by the European Commission. The fall in potential GDP will be an example of hysteresis effects across the European economy and the cyclical downturn in output and jobs creates long term damage.

Revision: Trend Growth

Tuesday, May 05, 2009

by Geoff Riley

This revision note looks at trend or long term growth in an economy. The trend rate of growth is the long run average rate for a country over a period of time. Measuring the trend requires a long-run series of data to identify the different stages of the economic cycle and then calculate average growth rates from peak to peak or trough to trough.

Supply-Side Indicators for the UK

Sunday, February 15, 2009

by Geoff Riley

I am about to start teaching supply-side economics with my AS students so the time has come to update some of the charts I use to illustrate aspects of supply-side performance. This is available to download as a PowerPoint file below.

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