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On Secular Stagnation in the Industrialized World

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NBER2019-09-01 更新2025-01-04 收录
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https://www.nber.org/papers/w26198
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We argue that the economy of the industrialized world taken as a whole is currently and for the foreseeable future will remain highly prone to secular stagnation. But for extraordinary fiscal policies, real interest rates would have fallen much more and be far below their current slightly negative
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2019-09-01
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