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Short-Run Effects of Lower Productivity Growth. A Twist on the Secular Stagnation Hypothesis

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NBER2017-02-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23160
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Since 2010, U.S. GDP growth has been anemic, averaging 2.1% a year, and this despite interest rates very close to zero. Historically, one would have expected such low sustained rates to lead to much stronger demand. They have not. For a while, one could point to plausible culprits, from a weak
提供机构:
美国国家经济研究局
创建时间:
2017-02-01
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