By Sebastian Hauptmeier, Marcus Kappler
In spite of the frequent use of the concept that of power output in monetary conception and empirical purposes in addition to in monetary coverage debates, the historic heritage and the assumptions inherent to this idea are hardly ever made obvious, not to mention seriously wondered. in contrast history this ebook units out to figure out the level to which the concept that of power output rests on basically outlined theoretical foundations and the way some distance triumphing empirical quantification equipment rather supply trustworthy insights into capability output development of an financial system. furthermore, the authors study substitute equipment for a forward-looking overview of strength output growth.
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