Cleveland Fed researchers suggest moderate growth may persist

cleveland-federal-reserve

Research published by the Federal Reserve Bank of Cleveland on August 9 suggests the possibility that the current moderate growth in the US may represent a downward adjustment in the trend rate.

Authors Margaret Jacobson and Filippo Occhino compare the pattern of recovery from the most recent recession with previous recoveries. "Typically, in the initial stages of a recovery, productivity grows strongly, as output picks up while employment and hours lag behind," the researchers write.

The report

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: