Portugal
% potential GDP% potential GDP % potential GDP% potential GDP
Figure 5.5 (continued)

output gap
∣-SVAR - -OECD--AMECO -Q-Hp

structural net lending
∣-SVAR - -OECD--AMECO -Q-Hp


Spain

output gap
∣-SVAR - -OECD AMECO -Q-Hp


structural net lending
I-SVAR--OECd--AMECO -Q-Hp

144
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