First published on
16 July 2021
Discussion Paper 145

Trend Capital when Goods and Capital Market Frictions Exist


This paper estimates trend capital based on supply side factors and good and capital market frictions.


Valerie Vandermeulen and Werner Roeger, European Commission.

Information and identifiers

Discussion Paper 145. July 2021. Brussels. PDF. 36pp. Tab. Graph. Bibliogr. Free.

KC-BD-21-002-EN-N (online)
ISBN 978-92-76-38746-6 (online)
ISSN 2443-8022 (online)
doi:10.2765/50035 (online)

JEL classification: E320, E220.


European Economy Discussion Papers are written by the staff of the European Commission’s Directorate-General for Economic and Financial Affairs, or by experts working in association with them, to inform discussion on economic policy and to stimulate debate. The views expressed in this document are solely those of the author(s) and do not necessarily represent the official views of the European Commission.


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