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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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| Опубліковано в:: | MAGKS - Joint Discussion Paper Series in Economics (Band 22-2022) |
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| Автори: | , |
| Формат: | Стаття |
| Мова: | Англійська |
| Опубліковано: |
Philipps-Universität Marburg
2022
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| Предмети: | |
| Онлайн доступ: | PDF-повний текст |
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MAGKS - Joint Discussion Paper Series in Economics