What Happens if Central Banks Misdiagnose a Slowdown in Potential Output /
In the last few decades, real GDP growth and investment in advanced countries have declined in tandem. This slowdown was not the result of weak demand (there has been no shift along the Okun curve), but of a decline in potential output growth (which has shifted the Okun curve to the left). We analyz...
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| Формат: | Журнал |
| Мова: | English |
| Опубліковано: |
Washington, D.C. :
International Monetary Fund,
2019.
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| Серія: | IMF Working Papers; Working Paper ;
No. 2019/208 |
| Онлайн доступ: | Full text available on IMF |