Should-Read: Olivier Coibion, Yuriy Gorodnichenko, and Mauricio Ulate: The US economy is not yet back to its potential: “Estimates of potential output around the world have been systematically revised downward since the Great Recession… http://voxeu.org/article/us-economy-not-yet-back-its-potential …The methods used to create these estimates do not distinguish between transitory and permanent shocks, or demand and supply shocks. … Continue reading Should-Read: Olivier Coibion, Yuriy Gorodnichenko, and Mauricio Ulate: The US economy is not yet back to its potential