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The macroeconomic performance paradox: a new model

Carlin, Wendy and Soskice, David (2018) The macroeconomic performance paradox: a new model. VoxEU.

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Following the post-financial crisis recession, the UK and other high-income countries have experienced slow growth and stagnant productivity, along with both low inflation and, more recently, low unemployment. This column introduces an intuitive macroeconomic model that helps explain this puzzling combination.

Item Type: Article
Official URL:
Additional Information: © 2018 The Authors
Divisions: Government
Subjects: H Social Sciences > HB Economic Theory
Date Deposited: 09 May 2018 09:01
Last Modified: 22 Aug 2021 23:09

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