Publikationsserver
The Financial Resource Curse Revisited: The Supply-Side Effect of Low Interest Rates
Benigno and Fornaro (2014) show that an episode of low interest rates may harm an economy. Low interest rates trigger a consumption boom, labor shifts away from the tradable sector, learning spillovers from foreign technology decline and so do domestic total factor productivity, consumption and welf...
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| Publicat a: | MAGKS - Joint Discussion Paper Series in Economics (Band 22-2022) |
|---|---|
| Autors principals: | , |
| Format: | Article |
| Idioma: | anglès |
| Publicat: |
Philipps-Universität Marburg
2022
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| Matèries: | |
| Accés en línia: | PDF a text complet |
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MAGKS - Joint Discussion Paper Series in Economics