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Browsing Economics and Business Working Papers Series by Subject "growth traps"

Browsing Economics and Business Working Papers Series by Subject "growth traps"

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  • Benigno, Gianluca; Fornaro, Luca (2015-01-01)
    We provide a Keynesian growth theory in which pessimistic expectations can lead to very persistent, or even permanent, slumps characterized by unemployment and weak growth. We refer to these episodes as stagnation traps, ...

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