Rawdanowicz, Łukasz; Bouis, Romain; Inaba, Kei-Ichiro; … - Economics Department, Organisation de Coopération et … - 2014
hysteresis and discouraged investment. Obtaining firm evidence is complicated by considerable uncertainties surrounding estimates … interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth via labour … stimulus should be accompanied by structural reforms to boost potential growth and neutral rates. Evidence on hysteresis …