As Carmen Reinhart and Ken Rogoff’s new book This Time is Different demonstrates, such balance-sheet crises have historically led to economic recoveries that are slow, anemic, and below-trend for many years.
Como demuestra el nuevo libro de Carmen Reinhart y Ken Rogoff, This Time is Different (“Esta vez es diferente”), semejantes crisis en los balances generales han originado históricamente recuperaciones lentas, anémicas e inferiores a la tendencia normal durante muchos años.