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Whither Economic Growth?

Crafts, Nicholas, (2017), “Whither Economic Growth?”, IMF Finance & Development 54(1), Μάρτιος

It seems like only yesterday that the so-called new economy was ascendant and growth expectations were buoyant. But today there is a widespread fear of a future of secular stagnation, in which very slow growth will be the new normal—especially in advanced economies. While it is clear that the turn-of-the-century optimism was not justified, it is also possible that today’s pessimism is excessive.

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