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Secular stagnation: The history of a macroeconomic heresy [PDF]

open access: yesEuropean Journal of the History of Economic Thought, 2016
The paper presents a history of the concept of “secular stagnation”, from Alvin Hansen in the 1930s and 1940s to its recent revival by Larry Summers.
Mauro Boianovsky
exaly   +6 more sources

Secular stagnation and monopoly capitalism [PDF]

open access: yesJournal of Post Keynesian Economics, 2023
The paper opens with a brief review of economic growth in industrialized economies over the past four decades, indicating a general slow-down in growth. This is followed by a brief review of the mainstream views on ‘secular stagnation’. The major section
Malcolm C. Sawyer
exaly   +2 more sources
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Wage Stagnation and Secular Stagnation

SSRN Electronic Journal
Slow growth and decline in the wage share of income are prominent stylized facts of US macroeconomic performance over the past 3-4 decades. Most explanations of these phenomenon trace their origins to structural change-such as deunionization, globalization, or increased corporate concentration.
openaire   +1 more source

Secular stagnation in the modern world

Voprosy Ekonomiki, 2018
The paper studies the factors of secular stagnation. Key factors of long-term slowdown in economic growth include the slowdown of technological development, aging population, human capital accumulation limits, high public debt, creative destruction process violation etc.
S. M. Drobyshevsky   +2 more
openaire   +1 more source

On Secular Stagnation in the Industrialized World

Brookings Papers on Economic Activity, 2019
ABSTRACT: 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. But for extraordinary fiscal policies, real interest rates would have fallen much more and be far below their current slightly negative level, current and prospective inflation ...
Łukasz Rachel, Lawrence H. Summers
openaire   +1 more source

Demographics and the Secular Stagnation Hypothesis in Europe

2016
Demographic trends in Europe do not support empirically the secular stagnation hypothesis. Our evidence shows that the age structure of population generates less long-term growth but positive real rates. Policies for growth become very important.
FAVERO, CARLO AMBROGIO   +1 more
openaire   +1 more source

Permanent Secular Stagnation

2016
Over the last few centuries, the ‘progressive’ trajectory of human civilization can be encapsulated in data for energy consumption and GDP.
openaire   +1 more source

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