The cheap money curse

Chris Dillow

Chris Dillow
The cheap money curse

UK productivity has been stagnant for years; GDP per worker is lower now than it was at the start of 2007. Could it be that the global savings glut of the 00s is partly to blame for this? That is the question posed in a new paper by Luca Fornaro and Gianluca Benigno, two economists at the LSE.

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