Drivers of Secular Stagnation: Excess Saving or Structural Inequality? (2 of 2)
Автор: Dr. Ryan Woodgate
Загружено: 2020-05-26
Просмотров: 396
Описание:
What is driving the long-term slowdown in real growth rates around the world? Here we argue that the hypothesis of a global savings glut in a theory of loanable funds does not make sense in a world of endogenous money. Instead, we see that structural changes and the inequality they cause help us better understand secular stagnation.
AIEP - Berlin School of Economics and Law - Summer Semester 2020
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