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Consumer Motivation in Developed Economies With Secular Stagnation [PDF]
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
The secular stagnation of productivity growth [PDF]
The concern that an economy could experience persistent stagnation, caused by a structural weakness of aggregate demand, goes back to Alvin Hansen's thesis of “secular stagnation.” Hansen's thesis has been revived in recent times, when it became clear ...
Storm, S.T.H. (author), Servaas Storm
core +4 more sources
This study analyzes the emergence of secular stagnation as the consequence of a rise in the preference for liquidity. Such a rise is caused by a persistent set of pessimistic expectations.
Biagio Bossone
doaj +3 more sources
Immigration and Secular Stagnation [PDF]
May 2019. Revised June 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.
Ono, Yoshiyasu +2 more
core +5 more sources
Secular Stagnation: Is Immigration Part of the Solution? [PDF]
In our article we review the secular stagnation hypothesis, firstly postulated by Hansen (1939), to describe the current macroeconomic dynamics faced by developed economies.
Morgado, Sandro, Alves, José
core +6 more sources
Secular stagnation or stagnation policy? Steindl after summers [PDF]
The current debate on secular stagnation is suffering from some vagueness and several shortcomings. The same is true for the economic policy implications.
Hein, Eckhard, Eckhard Hein
core +6 more sources
Secular Stagnation and COVID-19 [PDF]
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 +2 more sources
Aggregate demand, functional finance and secular stagnation [PDF]
This paper makes three main points. Fiscal policy, first, may be needed in the long run to maintain full employment and avoid secular stagnation. If fiscal policy is used in this way, second, the long-run debt ratio depends (i) inversely on the rate of ...
Skott, Peter +2 more
core +7 more sources
Secular stagnation or stagnation policy? A post-Steindlian view* [PDF]
The current debate on secular stagnation is suffering from some vagueness and several other shortcomings. The same is true for the economic policy implications.
Hein, Eckhard, Eckhard Hein
core +3 more sources
Macroeconomics in the age of secular stagnation
The “Great Recession” that began in 2008 plunged the economy into long-lasting stagnation with high unemployment, depressed output and very low inflation.
Le Garrec, Gilles, Touze, Vincent
core +3 more sources

