Wednesday, January 9, 2019

9/1/19: Twin Secular Stagnations Thesis: Productivity Growth


For those of you following my coverage of the Twin Secular Stagnations thesis, here is more recent evidence on sluggish productivity, via @soberlook and @oxfordeconomics;
In simple terms, post-2008 crises, we have not recovered in terms of productivity growth in the advanced economy. This is one of the core blocks to the supply-side part of the TSS thesis: a permanently lower expansion in productivity, driven by a range of factors, including demographics and technological innovation (the nature of).

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