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Public Debt, Secular Stagnation, and Functional Finance [PDF]
Fiscal policy and public debt may be required to maintain full employment and avoid secular stagnation. This conclusion emerges from a range of different models, including OLG specifications and stock-flow consistent (post-) Keynesian models. One of the determinants of the required long-run debt ratio is the rate of economic growth. Low growth leads to
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Secular Stagnation and Macroeconomic Policy
IMF Economic Review, 2018Secular stagnation theory has developed substantially recently and offers substantial insights that policymakers have yet to fully internalize. This paper reviews the considerations that led me to revive the secular stagnation idea, summarizes the theory as I understand it today, and argues that events since I started advocating the secular stagnation ...
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Secular stagnation and core-periphery uneven development in post-crisis eurozone
Competition and Change, 2022Alberto Botta
exaly
Global secular stagnation and the rise of intellectual property monopoly
Review of International Political Economy, 2022Herman M. Schwartz
exaly
Population age structure and secular stagnation: Evidence from long run data
Journal of the Economics of Ageing, 2023Joseph Kopecky
exaly
Discussing Secular Stagnation: A case for freeing good ideas from theoretical constraints?
Structural Change and Economic Dynamics, 2020Stefano di Bucchianico
exaly

