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Financial cycles, labour misallocation, and economic stagnation (Borio et al.)
jun 3, 2022, 11:13 AM 0
Financial cycles, labour misallocation, and economic stagnation by Claudio Borio, Enisse Kharroubi, Christian Upper, Fabrizio Zampolli published by VOXEU (4/2016) Some analysts claim that secular stagnation is responsible for the disappointing post-crisis economic performance. This column provides a different explanation…