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Secular stagnation : is immigration part of the solution? [PDF]
SSRN Electronic Journal, 2022 In our article we review the secular stagnation hypothesis, firstly postulated by Hansen (1939), to describe the current macroeconomic dynamics faced by developed economies.
Alves, José, Morgado, Sandro
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Fiscal Policy in an Age of Secular Stagnation. [PDF]
Comp Econ Stud, 2020 An on-going period of secular stagnation in advanced economies has brought down interest rates, growth rates and inflation. Due to the relatively larger fall in interest rates, the differential between the interest rate paid on government debt and the output growth rate (IRGD) became lower and has even turned negative in most advanced economies.
Buchner M.
europepmc +6 more sources
Consumer Motivation in Developed Economies With Secular Stagnation [PDF]
Frontiers in Psychology, 2019 In recent years, the slow pace of economic growth, high indebtedness, and high unemployment registered in most developed economies since 2009 have revived the debate over the “secular stagnation hypothesis” first formulated by the Keynesian economist ...
Fernando Evaristo Callejas-Albiñana +3 more
doaj +5 more sources
Secular Stagnation, Rational Bubbles, and Fiscal Policy [PDF]
SSRN Electronic Journal, 2016 It is well known that rational bubbles can be sustained in balanced growth path of a deterministic economy when the return to capital r is equal to the growth rate g. When there is a lack of stores of value, bubbles can implement an efficient allocation.
Teulings, C. N.
core +9 more sources
Secular stagnation or stagnation policy? Steindl after Summers [PDF]
PSL Quarterly Review, 2016 The debate on secular stagnation suffers from vagueness and several shortcomings, which affect its economic policy implications. In this work we provide an alternative view on the advanced economies’ tendencies to stagnation, based on Josef Steindl’s ...
Eckhard Hein
doaj +7 more sources
Secular Stagnation and COVID-19 [PDF]
Prace Naukowe Uniwersytetu Ekonomicznego we Wrocławiu, 2020 The main aim of the article is to start a discussion about the pandemic COVID-19 in the context of secular stagnation. The secular stagnation phenomenon was reintroduced by L.
Maciej Stradomski, Katarzyna Schmidt
doaj +3 more sources
Immigration and Secular Stagnation [PDF]
SSRN Electronic Journal, 2019 We examine the effect of immigration on the host country in the dynamic model that can deal with secular unemployment. Immigration has contrasting effects, depending on the economic state of the host country. If there is unemployment, immigration worsens unemployment and decreases consumption by native residents whereas if full employment prevails ...
Kaz Miyagiwa, Yoshiyasu Ono
openalex +4 more sources
Structural Unemployment, Underemployment, and Secular Stagnation [PDF]
SSRN Electronic Journal, 2020 We introduce a preference for wealth into the standard search and matching model to analyze the labor market when there is persistent demand shortage. We show that, under some conditions, a secular stagnation steady state exists in which the economy permanently operates below capacity due to both structural unemployment and underemployment.
Ken‐ichi Hashimoto +2 more
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The Brazilian ‘secular stagnation’: Its causes and an agenda to overcome it [PDF]
Brazilian Journal of Political Economy, 2023 The article has two goals. First, it describes and analyses the reasons for the Brazilian ‘secular stagnation’ between 2015 and 2021. Second, it outlines an agenda to assure the Brazilian macroeconomic stability and social development, defined as ...
FERNANDO FERRARI FILHO, FABIO TERRA
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Secular Stagnation in the Open Economy [PDF]
American Economic Review, 2016 Conditions of secular stagnation--low interest rates, below target inflation, and sluggish output growth--now characterize much of the global economy. We consider a simple two-country textbook model to examine how capital markets transmit secular stagnation and to study policy externalities across countries.
Gauti B. Eggertsson +2 more
openalex +3 more sources