Journal Article
Why is output growth so slow?
Abstract: The excess supply of commercial and residential real estate might explain why the historically low nominal and real interest rates have had relatively little effect on stimulating investment.
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https://fraser.stlouisfed.org/title/economic-synopses-6715/output-growth-slow-624380
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Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2013
Order Number: 4