savings as well as a crisis-induced reduction in investment. Finishing the balance sheet recession can lead to a higher …The low interest rate environment is less due to monetary policy and more due to global trends in investment and … interest rate level in the medium-run through higher investment. A higher natural real interest rate would enable central banks …

shocks and higher investment in response to government spending. Sticky discount rates imply that inflation has real effects … expected inflation. Such nominally sticky discount rates imply that increases in expected inflation directly lower firms' real … discount rates and thereby raise real investment. We analyze the macroeconomic implications of sticky discount rates using a …

solutions, all have failed as these attempts implicitly assume perfectly-correct inflation statistics. Examining these … assumptions, we discover that not only are the inflation numbers materially flawed, but more so, there are significant incentives … for government entities to under-report inflation. With this, we find that to explain the Equity Premium Puzzle, inflation …

aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …

aggregate demand gains momentum. If inflation also has inertia, the central bank still overheats the economy during the low …

Post Keynesian stagnation theory argues that slower population growth dampens consumption and investment. A New …