IDEAS home Printed from https://ideas.repec.org/a/mes/challe/v58y2015i2p139-148.html
   My bibliography  Save this article

The “Subpar” Recovery: A Long-standing Misunderstanding

Author

Listed:
  • Anirvan Banerji
  • Lakshman Achuthan

Abstract

Is the slow growth recovery and expansion a break from past patterns? These two economists argue that it is consistent with a long-term trend toward slower growth that started in the 1970s. It is not likely that rapid economic growth will return anytime soon.

Suggested Citation

  • Anirvan Banerji & Lakshman Achuthan, 2015. "The “Subpar” Recovery: A Long-standing Misunderstanding," Challenge, Taylor & Francis Journals, vol. 58(2), pages 139-148, March.
    • Handle: RePEc:mes:challe:v:58:y:2015:i:2:p:139-148
    DOI: 10.1080/05775132.2015.1016324
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1080/05775132.2015.1016324
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1080/05775132.2015.1016324?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. Congressional Budget Office, 2014. "An Update to the Budget and Economic Outlook: 2014 to 2024," Reports 45653, Congressional Budget Office.
    2. John G. Fernald, 2015. "Productivity and Potential Output before, during, and after the Great Recession," NBER Macroeconomics Annual, University of Chicago Press, vol. 29(1), pages 1-51.
    3. Congressional Budget Office, 2014. "The Budget and Economic Outlook: 2014 to 2024," Reports 45010, Congressional Budget Office.
    4. Congressional Budget Office, 2014. "An Update to the Budget and Economic Outlook: 2014 to 2024," Reports 45653, Congressional Budget Office.
    5. Congressional Budget Office, 2015. "An Update to the Budget and Economic Outlook: 2015 to 2025," Reports 50724, Congressional Budget Office.
    6. Congressional Budget Office, 2014. "An Update to the Budget and Economic Outlook: 2014 to 2024," Reports 45653, Congressional Budget Office.
    7. Congressional Budget Office, 2014. "The Budget and Economic Outlook: 2014 to 2024," Reports 45010, Congressional Budget Office.
    8. Congressional Budget Office, 2014. "The Budget and Economic Outlook: 2014 to 2024," Reports 45010, Congressional Budget Office.
    9. Congressional Budget Office, 2015. "An Update to the Budget and Economic Outlook: 2015 to 2025," Reports 50724, Congressional Budget Office.
    10. Congressional Budget Office, 2014. "The Budget and Economic Outlook: 2014 to 2024," Reports 45010, Congressional Budget Office.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Robert G Murphy & Adam Rohde, 2018. "Rational Bias in Inflation Expectations," Eastern Economic Journal, Palgrave Macmillan;Eastern Economic Association, vol. 44(1), pages 153-171, January.
    2. R. Vincent Pohl, 2018. "Medicaid And The Labor Supply Of Single Mothers: Implications For Health Care Reform," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 59(3), pages 1283-1313, August.
    3. Sylvain Leduc & Glenn D. Rudebusch, 2014. "Does slower growth imply lower interest rates?," FRBSF Economic Letter, Federal Reserve Bank of San Francisco.
    4. Rodrigo Vergara & Elías Albagli, 2015. "Tasas de Interés de Largo Plazo en Economías Desarrolladas: Tendencias Recientes e Implicancias de Política Monetaria en Chile," Economic Policy Papers Central Bank of Chile 52, Central Bank of Chile.
    5. Francesca Castelli & Damien Moore & Gabriel Ehrlich & Jeffrey Perry, 2014. "Modeling the Budgetary Costs of FHA's Single Family Mortgage Insurance: Working Paper 2014-05," Working Papers 45711, Congressional Budget Office.
    6. Georgia Kaplanoglou & Vassilis T. Rapanos & Ioanna C. Bardakas, 2015. "Does Fairness Matter for the Success of Fiscal Consolidation?," Kyklos, Wiley Blackwell, vol. 68(2), pages 197-219, May.
    7. William R. Cline, 2014. "Estimates of Fundamental Equilibrium Exchange Rates, November 2014," Policy Briefs PB14-25, Peterson Institute for International Economics.
    8. John G. Fernald, 2015. "Productivity and Potential Output before, during, and after the Great Recession," NBER Macroeconomics Annual, University of Chicago Press, vol. 29(1), pages 1-51.
    9. Stephanie Aaronson & Tomaz Cajner & Bruce Fallick & Felix Galbis-Reig & Christopher Smith & William Wascher, 2014. "Labor Force Participation: Recent Developments and Future Prospects," Brookings Papers on Economic Activity, Economic Studies Program, The Brookings Institution, vol. 45(2 (Fall)), pages 197-275.
    10. John Gibson, 2015. "Expanded Social Protection May Do More Harm Than Good: A Pessimistic Review," Asia and the Pacific Policy Studies, Wiley Blackwell, vol. 2(3), pages 652-659, September.
    11. Steven P. Cassou & Hedieh Shadmani & Jesús Vázquez, 2017. "Fiscal policy asymmetries and the sustainability of US government debt revisited," Empirical Economics, Springer, vol. 53(3), pages 1193-1215, November.
    12. Jane G. Gravelle & Sean Lowry, 2016. "The Affordable Care Act, Labor Supply, and Social Welfare," National Tax Journal, National Tax Association;National Tax Journal, vol. 69(4), pages 863-882, December.
    13. Courtney C. Coile, 2015. "Economic Determinants Of Workers’ Retirement Decisions," Journal of Economic Surveys, Wiley Blackwell, vol. 29(4), pages 830-853, September.
    14. Matthew J. Hill & Nicole Maestas & Kathleen J. Mullen, 2014. "Source of health insurance coverage and employment survival among newly disabled workers: Evidence from the health and retirement study," Economics Working Papers 1451, Department of Economics and Business, Universitat Pompeu Fabra.
    15. Projektgruppe Gemeinschaftsdiagnose, 2014. "Joint Economic Forecast Spring 2014: Upturn in German Economy, but Economic Policy Creates Headwind," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 67(08), pages 03-64, April.
    16. Julie Shi, 2016. "Income Responses to Health Insurance Subsidies: Evidence from Massachusetts," American Journal of Health Economics, MIT Press, vol. 2(1), pages 96-124, January.
    17. Troy Davig & Michael Redmond, 2014. "Accounting for changes in the U.S. budget deficit," Macro Bulletin, Federal Reserve Bank of Kansas City, pages 1-2, December.
    18. Helen Levy & Thomas Buchmueller & Sayeh Nikpay, 2015. "The Effect of Health Reform on Retirement," Working Papers wp329, University of Michigan, Michigan Retirement Research Center.
    19. Gelb, Betsy DuBois & Longacre, Teri Elkins, 2014. "Marketing retirement—or staying on the job," Business Horizons, Elsevier, vol. 57(5), pages 627-635.
    20. Stephanie Lo & Kenneth Rogoff, 2015. "Secular stagnation, debt overhang and other rationales for sluggish growth, six years on," BIS Working Papers 482, Bank for International Settlements.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mes:challe:v:58:y:2015:i:2:p:139-148. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Chris Longhurst (email available below). General contact details of provider: http://www.tandfonline.com/MCHA20 .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.