Crafts, Nicholas, (2017), “Whither Economic Growth?”, IMF Finance & Development 54(1), March
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.
Relevant Posts
- World Economic Forum, (2017), “The Inclusive Growth and Development Report 2017”, January
- Åslund, Andres, Djankov, Simeon, (2017), “Europe’s Growth Challenge”, Oxford University Press, Φεβρουάριος (Expected)