Ultra-low rates hampered productivity in US, researchers find
A slower pace of policy normalisation can help boost productivity and growth
The record low interest rates implemented by the Federal Reserve in the wake of the financial crisis 2008–09 have reduced productivity growth, research published by the Fed shows.
Innovation, Productivity, and Monetary Policy by Patrick Moran and Albert Queralto examines to what extent monetary policy can impact business innovation and productivity growth.
As productivity has slowed since the financial crisis, the role of innovation and business dynamism has become a focal point for
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