Benoît Cœuré: Scars that never were? Potential output and slack after the crisis Speech by Mr Benoît Cœuré, Member of the Executive Board of the European Central Bank, at the CEPII 40th Anniversary Conference, Paris, 12 April 2018.
* * * Accompanying slides Perhaps the biggest mystery facing policymakers today – and especially central bankers – is what is happening on the supply side of the economy. Subdued price and wage pressures globally are raising questions about both the true level of supply capacity, and about how much it is being lifted by strong current demand.