The impact of asset prices and bank lending should be taken into account when calculating the potential economic growth as financial instability tends to amplify the depth of an economic crisis, a central bank report showed Friday. The report from the Bank of Korea (BOK) said that there is the need to calculate the potential GDP by including financial factors such as asset prices and bank lending as the output gap could be miscalculated when inflation remains low.
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Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©
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