The economic landscape - structural change, global R * and the missing-investment puzzle

12 July 2022 · Andrew Bailey, Governor of the Bank of England (United Kingdom)

Summary written by Dark Majestic in its own words · topics: growth, investment and productivity

12 Jul 2022 · Andrew Bailey Wiki · Bank of England WikiThe economic landscape - structural change, global R * and the missing-investment puzzle

ContextSpeech at the Official Monetary and Financial Institutions Forum; the Bank of England keeps inflation low and studies structural change and weak investment.

Why it mattersBailey examines the puzzle of weak investment and low real rates.

Problems raised

Investment is missing.
The trend real rate has fallen.
Structural change is ongoing.

Solutions proposed

Study global factors of R*.
Encourage productive investment.
Discuss policy in public-private forums.

Read full speech on bis.org ↗

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