Money and Banking Conference 2017

Professor Martin Eichenbaum

Overview

• Short-run outlook for U.S. Economy.

• Why has the recovery from the Great Recession been so weak?

• Why are real interest are on a secular decline?

– Secular stagnation.

– Implications for monetary policy.

• Tail-side risks to growth:

• Tax cuts and trade wars.

Fuente: BCRA

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Economía Internacional