Journal Article
Why is output growth so slow?
Abstract: The excess supply of commercial and residential real estate might explain why the historically low nominal and real interest rates have had relatively little effect on stimulating investment.
Keywords: Real estate development; Economic conditions;
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File(s): File format is application/pdf http://research.stlouisfed.org/publications/es/13/ES_4_2013-01-24.pdf
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Bibliographic Information
Provider: Federal Reserve Bank of St. Louis
Part of Series: Economic Synopses
Publication Date: 2013
Order Number: 4