by Summary:
In the first quarter the economy slowed down grinding nearly to a halt. Real Gross Domestic Product (GDP) slowed to a 0.5% annual growth rate in the first three months of 2016, according to the Bureau of Economic Analysis (BEA). By the way, federal government spending has been a drag on growth. And here in lies the problem. Don't expect any stimulus this year, and very unlikely that this would change significantly any time soon. The problem isn't secular stagnation, it is rather short-term inaction.
Topics:
Matias Vernengo considers the following as important: BEA, Secular stagnation, Slow recovery
This could be interesting, too:
In the first quarter the economy slowed down grinding nearly to a halt. Real Gross Domestic Product (GDP) slowed to a 0.5% annual growth rate in the first three months of 2016, according to the Bureau of Economic Analysis (BEA). By the way, federal government spending has been a drag on growth. And here in lies the problem. Don't expect any stimulus this year, and very unlikely that this would change significantly any time soon. The problem isn't secular stagnation, it is rather short-term inaction.
Topics:
Matias Vernengo considers the following as important: BEA, Secular stagnation, Slow recovery
This could be interesting, too:
Matias Vernengo writes Savings Glut, Secular Stagnation, Demographic Reversal, and Inequality: Beyond Conventional Explanations of Lower Interest Rates
Matias Vernengo writes Beyond Vulgar Economics: Conceição Tavares and Heteredox Economics
Matias Vernengo writes A Stock Market Boom is Not the Basis of Shared Prosperity
Matias Vernengo writes Summers on secular stagnation, the ISLM, and the liquidity trap
