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Abstract
The authors see little reason for a rebound in productivity growth, which has downshifted in part due to policies rooted in overly optimistic assumptions about trend growth, and mistaken notions about business cycle dynamics. If they are right, slow trend growth will prevail for the foreseeable future.
Additional information
Notes on contributors
Anirvan Banerji
Anirvan Banerji is chief research officer at the Economic Cycle Research Institute (ECRI), and Lakshman Achuthan is chief operations officer at ECRI.
Lakshman Achuthan
Anirvan Banerji is chief research officer at the Economic Cycle Research Institute (ECRI), and Lakshman Achuthan is chief operations officer at ECRI.