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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Detaylı Bibliyografya
Yayımlandı:MAGKS - Joint Discussion Paper Series in Economics (Band 22-2022)
Asıl Yazarlar: Hildenbrand, Simon, Michaelis, Jochen
Materyal Türü: Makale
Dil:İngilizce
Baskı/Yayın Bilgisi: Philipps-Universität Marburg 2022
Konular:
capital accumulation
endogenous growth
Wirtschaft
macroeconomic integration
Economics
Online Erişim:PDF Tam Metin
Etiketler: Etiketle
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MAGKS - Joint Discussion Paper Series in Economics

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