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Many believe the US is in the midst of a “growth recession,” during which the potential for economic growth is hamstrung by weak gains in productivity. In the US, labor and total factor productivity growth slowed following the bursting of the tech bubble. Many developed countries - not just the US - are also seeing diminished productivity growth.
Join AEI as former Federal Reserve Chair Alan Greenspan discusses the causes of the recent global slowdown of productivity and the early evidence in the US of a possible emergence of stagflation. Two expert panels will then address the following questions: Has the pace of technological advances that increase productivity and living standards slowed, and if so, why? Or is the slowdown merely an illusion created by inadequate measures of economic output? The panels will explore the causes of the apparent slowdown in the pace of productivity growth and discuss the ramifications for the new administration’s economic policies.
Join the conversation on social media with #GreenspanAtAEI and by following @AEI and @AEIecon on Twitter and Facebook.
If you are unable to attend, we welcome you to watch the event live on this page. Full video will be posted within 24 hours.
Part 2 airing on November 15th, 2016 at 1:00pm
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