Cyclical Misconceptions Driving Policy Mistakes: Keys to the Productivity Puzzle

Anirvan Banerji and Lakshman Achuthan

Challenge, 2016, vol. 59, issue 4, 327-344

Abstract: The authors see little reason for a rebound in productivity growth, which has downshifted in part due to policies rooted in overly optimistic assumptions about trend growth, and mistaken notions about business cycle dynamics. If they are right, slow trend growth will prevail for the foreseeable future.

Date: 2016
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DOI: 10.1080/05775132.2016.1201393

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