Financial crisis lowered US output – San Fran Fed research
US output has been persistently lowered by 7 percentage points, researchers say
The 2007–08 financial crisis led to a significant drop in output in the US, according to research published by the Federal Reserve Bank of San Francisco.
In an economic research letter, published earlier this month, Regis Barnichon, Christian Matthes and Alexander Ziegenbein analyse the effects of the financial crisis on US growth.
“The US economy remains significantly smaller than it should be, based on its pre-crisis growth trend,” the authors say.
Using historical data, the San Francisco
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