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Is Slower Growth the New Normal in Advanced Economies?

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This article reviews and examines some of the main explanations for the slow growth that many advanced economies continue to experience seven years after the 2007–09 global financial crisis. Does this muted recovery reflect just a prolonged cycle in the aftermath of a financial crisis? Is it due to a structural inadequacy of demand leading to a long-lasting liquidity trap? Or is it largely supply side in nature, reflecting demographic and technological factors?

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  • Abeer Reza & Subrata Sarker, 2015. "Is Slower Growth the New Normal in Advanced Economies?," Bank of Canada Review, Bank of Canada, vol. 2015(Autumn), pages 1-13.
    • Handle: RePEc:bca:bcarev:v:2015:y:2015:i:autumn15:p:1-13
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    File URL: https://www.bankofcanada.ca/wp-content/uploads/2015/11/boc-review-autumn15-reza.pdf
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    1. Robert Fay & Justin-Damien Guénette & Martin Leduc & Louis Morel, 2017. "Why Is Global Business Investment So Weak? Some Insights from Advanced Economies," Bank of Canada Review, Bank of Canada, vol. 2017(Spring), pages 56-67.

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