The Danger of Mixing Up Cyclical Changes with Structural Shifts

The Danger of Mixing Up Cyclical Changes with Structural Shifts

The authors argue that the long-term structural growth potential of the major advanced economies has "fallen drastically." They contend that misinterpreting cyclical fluctuations without considering the long-term trends leads to policy errors.

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Bibliographische Detailangaben
Veröffentlicht in:Challenge (White Plains) 2018-07, Vol.61 (4), p.290-302
Hauptverfasser: Banerji, Anirvan, Achuthan, Lakshman
Format: Magazinearticle
Sprache:eng
Schlagworte:
Economic policy
Errors
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Beschreibung
Zusammenfassung:The authors argue that the long-term structural growth potential of the major advanced economies has "fallen drastically." They contend that misinterpreting cyclical fluctuations without considering the long-term trends leads to policy errors.
ISSN:0577-5132
1558-1489
DOI:10.1080/05775132.2018.1524056