Some think the UK economy is doing well but many feel it is doing badly. Some thoughts from a growth accounting perspective.
Based partly on a new research paper co-written with Kieran McQuinn, this post discusses how Finland’s current economic slump may be a model for slow future growth in Europe.
Paul Krugman doesn’t like this Washington Post piece on how slow growth could be the new normal for the US. He’s right that it’s a pretty bad piece but there are strong arguments for a slow pace of growth over the next few years for the U.S. economy. Thoughts here.