000			01279cam a2200169 4500500
005			20250121114617.0
041			_afre
042			_adc
100	1	0	_aHeyer, Éric _eauthor
700	1	0	_a Timbeau, Xavier _eauthor
245	0	0	_aA new Great Moderation?
260			_c2018.
500			_a14
520			_aGlobal growth is accelerating in both advanced and emerging economies. Monetary policy is still supporting growth. The possible effects of Brexit are reflected in a slowdown in UK growth, but they have had little impact on other economies, particularly in the euro area, where growth is now driven by domestic factors. All indicators are improving and will drive down the unemployment rate. However, for the moment, improving growth prospects have still not led to accelerated inflation. In addition, potential growth estimates suggest a slowdown in trend productivity. In the long run, nominal growth could be lower, which will slow down the reduction of those public and private debts, both internal and external, that have been inherited from the Great Recession. JEL code: F01.
786	0		_nRevue de l'OFCE | o 152 | 3 | 2018-01-31 | p. 13-128 | 1265-9576
856	4	1	_uhttps://shs.cairn.info/journal-revue-de-l-ofce-2017-3-page-13?lang=en&redirect-ssocas=7080
999			_c547112 _d547112