Policy options for a low interest rate environment
Izid: 2019 | Izid: 68 | Številka: 11 | Stran(i): 27-39
Low interest rate and inflation environment exacerbated by short-term policy disruptions rooted in populism is driven by secular trends. Growth rates experienced prior to the Global Financial Crisis in the absence of major technological turnaround improving productivity growth rates, addressing the challenge of population ageing and income distribution are not likely to be attained. ..