McQuinn, Kieran (contributor); Whelan, Karl (contributor) - 2006
TFP growth. Based on prevailing trends, we estimate that
potential output growth in the Euro area currently may be running … as low as 1.5 percent
per year. In addition, if TFP growth stays at recent levels, the output growth rate will
decline … scenarios, each of which posits a potential
increase in a determinant of output growth. One of these scenarios focuses on the …