The macroeconomic performance paradox: a new model

Carlin, W. & Soskice, D. (2018). The macroeconomic performance paradox: a new model. VoxEU,
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Following the post-financial crisis recession, the UK and other high-income countries have experienced slow growth and stagnant productivity, along with both low inflation and, more recently, low unemployment. This column introduces an intuitive macroeconomic model that helps explain this puzzling combination.

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