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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
URLhttps://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
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GB/T 7714
John F. Cogan,R. Glenn Hubbard,John B. Taylor,et al. On the prospects for higher economic growth. 2017.
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