Results 21 to 30 of about 257,487 (338)
Classical Political Economy and Secular Stagnation [PDF]
SSRN 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
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Reasons for the Demise of Interest: Savings Glut and Secular Stagnation or Central Bank Policy?
Quarterly Journal of Austrian Economics, 2021 This article compares the Keynesian, neoclassical and Austrian explanations for low interest rates and sluggish growth. From a Keynesian and neoclassical perspective, low interest rates are attributed to aging societies, which save more for the future ...
Thomas Mayer, Gunther Schnabl
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Democracy under siege: Democratic solidarity between global crisis and cosmopolitan hope [PDF]
Filozofija i Društvo, 2017 For almost half a century (between 1940 and 1990) the democratic and social state has solved the twofold problem of growth and social exclusion through social inclusion within the borders of the national state. This solution since the 1970s came
Brunkhorst Hauke
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Does the Secular Stagnation hypothesis match the data? Evidence from the USA
Journal of post Keynesian economics, 2023 This paper focusses on Secular Stagnation in the United States. It answers to two research questions. First: is Secular Stagnation a fact? Second: conditional to the previous reply, how does the literature meet the qualitative and quantitative evidence ...
A. Borsato
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The finance-growth nexus in the age of financialisation: An empirical reassessment for the European Union countries [PDF]
Panoeconomicus, 2022 This paper draws an empirical reassessment of the finance-growth nexus by performing a panel data econometric analysis for all 28 European Union countries over 27 years from 1990 to 2016. Since the mid-1980s, the financial system has experienced a strong
Barradas Ricardo
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Secularism and Fertility Worldwide
Socius, 2021 This study proposes and explores a new fertility determinant: societal secularism. Using country-level data from multiple sources ( n = 181) and multilevel data from 58 countries in the World Values Survey ( n = 83,301), the author documents a strong ...
Landon Schnabel
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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.
Le Garrec, Gilles, Touzé, Vincent
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The Threat of Secular Stagnation [PDF]
Politická 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
Kamil Janáček, Stanislava Janáčková
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Secular stagnation: Theory and remedies [PDF]
Journal of Economic Theory, 2018 zbMATH Open Web Interface contents unavailable due to conflicting licenses.
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Secular stagnation: The history of a macroeconomic heresy [PDF]
The European Journal of the History of Economic Thought, 2015 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 ...
Backhouse, Roger, Boianovsky, M
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