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In much of the world, growth is more stable than it once was. Looking at a sample of twentyfive countries, we find that …
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In much of the world, growth is more stable than it once was. Looking at a sample of twentyfive countries, we find that …
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Inflation in advanced economies is low by historical standards but there is no threat of deflation. Slower economic growth is caused by supply-side constraints rather than low inflation. Below-the-target inflation does not damage the reputation of central banks. Thus, central banks should not...
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in the United States is not likely to be the main source of low output volatility across the world in this period …
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