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...
Gespeichert in:
Udgivet i: | MAGKS - Joint Discussion Paper Series in Economics (Band 22-2022) |
---|---|
Autoren: | , |
Format: | Artikel |
Sprog: | engelsk |
Udgivet: |
Philipps-Universität Marburg
2022
|
Fag: | |
Online adgang: | PDF-Volltext |
Tags: |
Tilføj Tag
Ingen Tags, Vær først til at tagge denne postø!
|
MAGKS - Joint Discussion Paper Series in Economics