Aging, Secular Stagnation and the Business Cycle /
As of 2015, U.S. log output per capita was 12 percent below what its pre-2008 linear trend would predict. To understand why, I develop and estimate a model of the US with demographics, real and monetary shocks, and the occasionally binding ZLB on nominal rates. Demographic changes generate slow-movi...
| 第一著者: | |
|---|---|
| フォーマット: | 雑誌 |
| 言語: | English |
| 出版事項: |
Washington, D.C. :
International Monetary Fund,
2018.
|
| シリーズ: | IMF Working Papers; Working Paper ;
No. 2018/067 |
| オンライン･アクセス: | Full text available on IMF |