Results 11 to 20 of about 237,432 (338)
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
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
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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
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The Return of Fiscal Policy and the Euro Area Fiscal Rule. [PDF]
Comp Econ Stud, 2020 The text describes the theoretical developments of the assignment rules regarding fiscal and monetary policies and the respective roles in macroeconomics stabilisation.
Constâncio V.
europepmc +3 more sources
Classical Political Economy and Secular Stagnation [PDF]
SSRN Electronic Journal, 2021 This paper presents a model of secular stagnation, income and wealth distribution, and employment in the Classical Political Economy tradition, that can be contrasted with the accounts by Piketty (2014) and Gordon (2015).
Manuel Cruz Luzuriaga, Daniele Tavani
semanticscholar +3 more sources
On Secular Stagnation in the Industrialized World
Brookings Papers on Economic Activity, 2019 :We argue that the economy of the industrialized world, taken as a whole, is currently—and for the foreseeable future will remain—highly prone to secular stagnation.
Łukasz Rachel, L. Summers
semanticscholar +3 more sources
Introduction: Is secular stagnation in Japan and the world the beginning of a new great depression? [PDF]
The Japanese Political Economy, 2023 Nobuharu Yokokawa
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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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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
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Secular Stagnation? The Effect of Aging on Economic Growth in the Age of Automation [PDF]
, 2017 Several recent theories emphasize the negative effects of an aging population on economic growth, either because of the lower labor force participation and productivity of older workers or because aging will create an excess of savings over desired ...
Daron Acemoğlu, Pascual Restrepo
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