The Financial Resource Curse Revisited: The Supply-Side Effect of Low Interest Rates

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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Veröffentlicht in:MAGKS - Joint Discussion Paper Series in Economics (Band 22-2022)
Autoren: Hildenbrand, Simon, Michaelis, Jochen
Format: Artikel
Sprache:Englisch
Veröffentlicht: Philipps-Universität Marburg 2022
Schlagworte:
capital accumulation
endogenous growth
Wirtschaft
macroeconomic integration
Economics
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MAGKS - Joint Discussion Paper Series in Economics

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