Fiscal deficits and inflation risks: the role of fiscal and monetary regimes by Ryan Banerjee, Valerie Boctor, Aaron Mehrotra, Fabrizio Zampolli published by BIS (7/2022). Using data from a panel of advanced economies over four decades, we show that…
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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…