The article discusses the limited role of central banks in boosting potential economic growth. It highlights that while central banks can mitigate the impact of economic slumps, they cannot significantly influence long-term growth rates. The article also compares the economic situations in the U.S. and Europe, noting the challenges of maintaining growth without triggering inflation.
doj/DataSet10/EFTA01388568.pdf
{"title":"The limits of monetary policy","key_people":["Olivier J. Blanchard","Lawrence H. Summers"],"document_date":"March 2018","document_type":"other","key_locations":["United States","United Kingdom","Southern Europe"],"document_subtype":"article","key_organizations":["Federal Reserve","European Central Bank","Bureau of Economic Analysis","NBER"]}