Too slow for too long: Can central banks speed up economic growth?
28 March, 2017William Allen
The world economy has been recovering from the great financial crisis of 2008 but not as fast as many people would like. For example, the IMF’s World Economic Outlook
, published in April 2016, was sub-titled “Too slow for too long”. Economic growth has only been moderate since 2012 and has not gotten back to pre-crisis speeds. Can central banks cause growth to speed up?
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This article first appeared in Financial World
, the journal for The London Institute of Banking & Finance.