Zero Lower Bound and negative interest rates: Choices for monetary policy in the UK [0.03%]
零下限与负利率：英国货币政策的选择
Muhammad Ali Nasir
Muhammad Ali Nasir
There have been relatively few analyses of the policy context and consequences of a Zero Lower Bound (ZLB) for nominal interest rates. This paper sets out monetary policy alternatives, including negative interest rates, a revision of the in...
Are tariffs bad for growth? Yes, say five decades of data from 150 countries [0.03%]
关税会妨碍增长吗？五十年、一百五十个国家的数据说明了问题。
Davide Furceri,Swarnali A Hannan,Jonathan D Ostry et al.
Davide Furceri et al.
The empirical evidence on the growth effects of import tariffs is sparse in the literature, notwithstanding strong views held by the public and politicians. Using an annual panel of macroeconomic data for 151 countries over 1963-2014, we fi...
Dominick Salvatore
Dominick Salvatore
After the slow recovery from the 2008-2009 global financial crisis, the world economy faced slower growth than in the previous decade and even the prospect of a new global financial crisis. This paper starts by examining the reasons for the...
Popular economic narratives advancing the longest U.S. expansion 2009-2019 [0.03%]
在美国史上最长扩张期盛行的经济叙事（2009-2019）
Robert J Shiller
Robert J Shiller
The U.S. economic expansion since 2009 is the longest on record since 1854, according to the National Bureau of Economic Research Business Cycle Dating Committee. This paper seeks to understand this phenomenon better by looking at the time ...
What has luck got to do with economic development? An interpretation of resurgent Asia's growth experience [0.03%]
东亚增长奇迹中有多少运气成分？对复苏亚洲经济增长经验的解读
H M Leung,Swee Liang Tan,Zhen Lin Yang
H M Leung
This paper critically reexamines the belief, currently gathering strength in the literature, that economic development depends on good luck rather than on good policy, and that Prometheus is "unchained by chance". While it is impossible to ...
Angus Deaton
Angus Deaton