Gateway to Think Tanks
来源类型 | Article |
规范类型 | 评论 |
On the prospects for higher economic growth | |
John F. Cogan; R. Glenn Hubbard; John B. Taylor; Kevin Warsh | |
发表日期 | 2017-07-18 |
出版年 | 2017 |
语种 | 英语 |
摘要 | Excerpt Since the economic recovery began eight years ago, the rate of economic growth has averaged only two percent per year, the weakest economic expansion since World War II. Participation in the labor force is near its lowest level since the malaise of the late 1970s. The country is experiencing the worst five-year run for productivity ever measured outside of a recession. And the median wage is growing only slowly. We do not share the view that the recent period of weak economic growth was simply an inevitable result of the financial crisis. Economic recoveries tend to be stronger after deep recessions, and any residual headwinds from the crisis should have long been remedied had progrowth policies been adopted. Historically, some post-crisis periods are marked by lower economic growth, but we believe that the poor conduct of economic policy bears much of that burden. |
主题 | Economics |
标签 | Economic growth ; economic recovery |
URL | https://www.aei.org/articles/on-the-prospects-for-higher-economic-growth/ |
来源智库 | American Enterprise Institute (United States) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/262696 |
推荐引用方式 GB/T 7714 | John F. Cogan,R. Glenn Hubbard,John B. Taylor,et al. On the prospects for higher economic growth. 2017. |
条目包含的文件 | 条目无相关文件。 |
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