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Productivity and the allocation of resources - speech by Ben Broadbent
In a speech at Durham Business School, Ben Broadbent – External Member of the Monetary Policy Committee – considers the reasons for the apparent slowdown in productivity growth in the UK.
Published on
12 September 2012
He argues that it may be due to the failure of the financial sector to reallocate resources to sectors where they are most productive. He then considers the implications of this for monetary policymaking.
Press release