The Impact of the Financial Crisis on Supply

11 Pages Posted: 14 Jun 2010

See all articles by Andrew Benito

Andrew Benito

Bank of England

Katharine S. Neiss

Bank of England - Monetary Analysis

Simon Price

Essex Business School; City University London - Department of Economics

Lukasz Rachel

Bank of England

Date Written: June 14, 2010

Abstract

Output fell sharply in the United Kingdom during the recent global financial crisis, some of which is likely to have reflected a contraction in the economy’s supply capacity. This article considers the impact of financial crises on supply and the potential channels through which supply may have been affected during the recent recession. It is likely that the downturn has resulted in a fall in companies’ effective supply capacity although the magnitude of that impairment is difficult to gauge.

Suggested Citation

Benito, Andrew and Neiss, Katharine S. and Price, Simon G. and Rachel, Lukasz, The Impact of the Financial Crisis on Supply (June 14, 2010). Bank of England Quarterly Bulletin 2010 Q2, Available at SSRN: https://ssrn.com/abstract=1624867

Andrew Benito

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

Katharine S. Neiss

Bank of England - Monetary Analysis ( email )

Threadneedle Street
London EC2R 8AH
United Kingdom
+44 20 7601 4588 (Phone)
+44 20 7601 5018 (Fax)

Simon G. Price

Essex Business School ( email )

Wivenhoe Park
Colchester, CO4 3SQ
United Kingdom

City University London - Department of Economics ( email )

Northampton Square
London, EC1V 0HB
United Kingdom

Lukasz Rachel (Contact Author)

Bank of England ( email )

Threadneedle Street
London, EC2R 8AH
United Kingdom

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