The productivity slowdown and its policy implications

Palle Andersen

No 8, BIS Working Papers from Bank for International Settlements

Abstract: This paper analyses the recent productivity slowdown, attempting to distinguish permanent from cyclical changes. It then considers the implications for anti-inflationary policies, discussing the short-run effects of more restrictive policies as well as the prospects for reducing inflation in the medium term.

Pages: 44 pages
Date: 1983-03
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