Comments and discussion
Article Abstract:
A country in a liquidity trap suffers from a temporary impotence to boost economic demand. It is believed that when interest rates become too low, monetary adjustments will become useless in bringing the country out of a depressed economic state. However, it is rarely perceived that if a country's central bank become committed to adopting an overall expansionary monetary policy, there is a chance that the measure will work in getting the country out of depression.
Publication Name: Brookings Papers on Economic Activity
Subject: Economics
ISSN: 0007-2303
Year: 1998
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Comment and discussion
Article Abstract:
The decline in the price of computers and computer peripherals should not be interpreted as an agent of economic growth, since there exists no direct correlation between a thriving national economy and cheap computers. Neither is moderating health care inflation indicative of a country's rising GNP. Forecasting that the American economy has improved as a result of a low unemployment rate is equally erroneous, since the econometric tests were not conducted.
Publication Name: Brookings Papers on Economic Activity
Subject: Economics
ISSN: 0007-2303
Year: 1998
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Comments and discussion
Article Abstract:
It is true that Africa's poor economic growth is partly due its geographical disadvantage, but there are more reasons other than the geographic and demographic. High ethnic diversity is another stumbling block to economic growth, since various ethnic groups have problems in uniting for a common purpose. Also another reason is the African high population growth rate, which has become very damaging to the region's general economy.
Publication Name: Brookings Papers on Economic Activity
Subject: Economics
ISSN: 0007-2303
Year: 1998
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