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
doaj +4 more sources
Expanding economic activity in space may offer a solution to secular stagnation. [PDF]
Proc Natl Acad Sci U S A, 2023 In this speculative article, I argue that the expansion of economic activity in space may offer a uniquely promising way to escape indefinitely from what economists call “secular stagnation,” a state of self-fulfilling, persistently sluggish economic ...
Weinzierl M.
europepmc +2 more sources
Secular Stagnation: Is Immigration Part of the Solution? [PDF]
Social Science Research Network, 2022 We review the secular stagnation hypothesis, first postulated by Hansen in 1939, to describe the current macroeconomic dynamics faced by developed economies.
José Alves, Sandro Morgado
semanticscholar +3 more sources
Hansen's and Summers' hypothesis of secular stagnation in macroeconomics [PDF]
Ekonomija: teorija i praksa, 2022 At a times when the world's most developed and those less developed economies are recording historically weak levels of economic performance after the Great Recession of 2008, when the world is facing decades of low demographic growth, in the frames of ...
Veljković Marija
doaj +2 more sources
Secular Stagnation, Rational Bubbles, and Fiscal Policy [PDF]
, 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 +5 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 +2 more sources
A return to international policy coordination in the age of secular stagnation [PDF]
International Journal of Economic Policy Studies, 2022 The interdependence of economic policies calls for international policy coordination. This paper reviews various patterns of macroeconomic interdependence and policy coordination during the fixed as well as the flexible exchange rate.
Hamada K, Sakurai M.
europepmc +2 more sources
Secular Stagnation: Insights from a New Keynesian Model with Hysteresis Effects [PDF]
, 2016 To analyse the most important aspects of the Secular Stagnation hypothesis, this paper considers the effects of hysteresis in potential output in a New-Keynesian model that is extended with endogenous potential output.
van Aarle, Bas
core +2 more sources
A Model of Secular Stagnation: Theory and Quantitative Evaluation [PDF]
American Economic Journal: Macroeconomics, 2017 This paper formalizes and quantifies the secular stagnation hypothesis, defined as a persistently low or negative natural rate of interest leading to a chronically binding zero lower bound (ZLB).
Gauti B. Eggertsson +2 more
semanticscholar +3 more sources
Euro area economic growth between 2010 and 2019 in the light of secular stagnation theory
Pénzügyi Szemle = Public Finance Quarterly, 2023 Achieving economic growth remains an important issue for economic policy today. Growth in developed economies has slowed considerably in recent decades.
Tibor Tatay, Eszter Kazinczy
openalex +3 more sources