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Why Does the Global Economy Fail to Pick Up?

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Published on Feb 1, 2016

​Public seminar on 25 January 2016,
Speaker: Ashoka Mody, Princeton University
Every IMF ​​global forecast expresses disappointment that ​​growth has come in lower than expected but then goes on to promise that a pick up is around the corner. This has now gone on for 7 years. Why? The story forecasters tell always centers around some exceptional event just before the forecast. That is no longer credible. Do other stories: such a​​s ​​financial disruption and secular stagnation hold up? Or is this a simpler tale of a long-term decline in ​​global productivity growth that was obscured by a global bubble, which has yet to fully burst?​​​
The Seminar run from 4:30 PM to 6:00 PM at Conference Hall, Ground Floor, R&T Building, National Institute of Public Finance and Policy, 18/2 Satsang Vihar Marg, Special Institutional Area, New Delhi 110067
http://macrofinance.nipfp.org.in/

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