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Secular stagnation and Google Trends – can we find out what people think? [PDF]

open access: yesReview of Economic Analysis, 2021
The main aim of the study was to verify the thesis that the US economy is measured against the spectre of secular stagnation by determining the mood of American society using Google Trends.
Gajtkowski, Mateusz, Schmidt, Katarzyna
core   +3 more sources

Technological Progress, Globalization, and Secular Stagnation [PDF]

open access: goldJournal of Central Banking Theory and Practice, 2018
Abstract After the 2008 crisis, despite economic recovery that started in 2009, the world economy has experienced a downward shift of its growth path and a consequent decline. As shown at the beginning of this paper, this shift and growth rate stagnation are totally attributable to the economic dynamics in developed economies, the USA ...
Milenko Popović
openaire   +5 more sources

Classical Political Economy and Secular Stagnation [PDF]

open access: yesSSRN 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). In these explanations, an exogenous reduction in the growth rate g -because of declining fertility or the exhaustion of path ...
Luzuriaga, Manuel Cruz, Tavani, Daniele
openaire   +3 more sources

The Threat of Secular Stagnation [PDF]

open access: goldPolitická ekonomie, 2018
Advanced countries are losing their predominant position in the world economy. With the long-time productivity slowdown and the present long recession, a question arises about the threat of secular stagnation of the advanced world. In searching for the roots of this threat, leading world economistst accentuate either the demand side, or the supply side
Stanislava Janáčková, Kamil Janáček
openaire   +3 more sources

Expanding economic activity in space may offer a solution to secular stagnation. [PDF]

open access: yesProc Natl Acad Sci U S A, 2023
In this speculative article, I argue that the expansion of economic activity in space may offer a uniquely promising way to escape indefinitely from what economists call “secular stagnation,” a state of self-fulfilling, persistently sluggish economic ...
Weinzierl M.
europepmc   +2 more sources

Will Secular Stagnation be the Result of Great Recession [PDF]

open access: yesJournal of Economics and Political Economy, 2017
. While Keynesian and neo-liberal discussions on the reasons of and solutions to the last financial crisis have persisted to the present day, new argument from Lawrence Summers and Paul Krugman in late 2013 shifted the debate to the issue of secular ...
DUMAN, Levent, ÜŞENMEZ, Özgür
core   +5 more sources

The Return of Fiscal Policy and the Euro Area Fiscal Rule. [PDF]

open access: yesComp 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

Secular stagnation and decline: a simplified model [PDF]

open access: yesSSRN Electronic Journal, 2014
Presented is a mathematical model of single-product economy describing a nominal economic growth and a nominal economic decline. Based on the model of economic dynamics, policies handling the gravity of the secular stagnation are furnished.
Krouglov, Alexei
core   +5 more sources

Public Debt, Secular Stagnation, and Functional Finance [PDF]

open access: yes, 2015
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.
Skott, Peter
core   +9 more sources

On Secular Stagnation in the Industrialized World

open access: yesBrookings 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. 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 would be ...
Łukasz Rachel, Lawrence H. Summers
openaire   +3 more sources

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