Noahpinion • 4705 implied HN points • 18 Mar 24
- Productivity growth is crucial for controlling inflation, maintaining a stable economy, and improving living standards.
- To boost productivity growth, a combination of macroeconomic factors like full employment, investment incentives, and stable supply-side conditions is essential.
- Three key factors that fostered productivity growth in the 1990s were full employment, high fixed investment, and stable supply with low inflation; replicating these conditions today would require strategic policy interventions.