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Population age structure and secular stagnation: Evidence from long run data
The Journal of the Economics of Ageing, 2023 Joseph Kopecky
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Macroeconomics in the Age of Secular Stagnation
Revue de l'OFCE, 2019 The “Great Recession” that began in 2008 plunged the economy into long-lasting stagnation with high unemployment, depressed output and very low inflation. This crisis, whose exceptional duration is difficult to explain using the theoretical tools of contemporary macroeconomics, invites us to enrich fundamental analysis.
Gilles Le Garrec, Vincent Touzé
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Stagnation and the Natural Rate of Interest: Tracing the Roots of Lawrence Summers’s Theory of Secular Stagnation [PDF]
Review of Political EconomyRoger E. Backhouse, Mauro Boianovsky
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Secular Stagnation: Determinants and Consequences for Australia [PDF]
SSRN Electronic Journal, 2017 Slack OECD economic performance and weaker macroeconomic policy support Summers's reuse of the phrase ‘secular stagnation’. Globalisation has redirected growth towards emerging economies, and anticipated rates of return on investment are impaired by perceived risk, institutionalised risk aversion, ageing and dependency, declining commitments to public ...
Grace Taylor, Rod Tyers
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Secular Stagnation in the Open Economy [PDF]
American Economic Review, 2016 Conditions of secular stagnation--low interest rates, below target inflation, and sluggish output growth--now characterize much of the global economy. We consider a simple two-country textbook model to examine how capital markets transmit secular stagnation and to study policy externalities across countries.
Gauti B. Eggertsson +2 more
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Economics: Journal Articles, 2014 This study analyzes the emergence of secular stagnation as the consequence of a rise in the preference for liquidity. Such a rise is caused by a persistent set of pessimistic expectations. This study also investigates the effectiveness of a broad range of demand-management policies in dealing with secular stagnation. To obtain these results, this study
Biagio Bossone
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Learning to believe in secular stagnation [PDF]
Economics Letters, 2017 This paper shows that a secular stagnation equilibrium as proposed by Eggertsson and Mehrotra (2014) is E-stable. This is in contrast to the often studied liquidity trap equilibrium that exists in representative agent New Keynesian models at the zero lower bound when there is active monetary policy following a Taylor rule.
Christopher G. Gibbs
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Economia e equlíbrios do poder mundial no pós-pandemia/guerra [PDF]
Janus.net, 2022 The scientific literature has taken up the theme of secular stagnation of economic growth again in the middle of the second decade of the 21st century, many decades after Alvin Hansen's original contribution.
Henrique Morais
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Secular stagnation: The history of a macroeconomic heresy [PDF]
The European 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. We examine Hansen's ideas and those of young economists associated with him, notably Evsey Domar, Everett Hagen, Benjamin Higgins, Alan Sweezy, and Paul Samuelson, who were the economists who kept the ...
Roger E. Backhouse, Mauro Boianovsky
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Management : Journal of Contemporary Management Issues, 2022 This paper aims to provide a possible explanation for the strange reoccurrence of the dual economy in developed countries. The dual economy is understood as consisting mainly of two sectors that differ in productivity, salaries, and related ...
Milenko Popović, Ivan Radević
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