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Secular Stagnation in the Open Economy

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NBER2016-04-01 更新2025-01-04 收录
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https://www.nber.org/papers/w22172
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Conditions of secular stagnation - low interest rates, below target inflation, and sluggish output growth now characterize much of the global economy. We consider a simple two-country textbook model to examine how capital markets transmit secular stagnation and to study policy externalities across
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2016-04-01
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