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Secular stagnation: The history of a macroeconomic heresy [PDF]
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]
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
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Wage Stagnation and Secular Stagnation
SSRN Electronic JournalSlow 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.
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Secular stagnation in the modern world
Voprosy Ekonomiki, 2018The 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
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On Secular Stagnation in the Industrialized World
Brookings Papers on Economic Activity, 2019ABSTRACT: 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
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Demographics and the Secular Stagnation Hypothesis in Europe
2016Demographic 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
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2016
Over the last few centuries, the ‘progressive’ trajectory of human civilization can be encapsulated in data for energy consumption and GDP.
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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

