Results 31 to 40 of about 237,432 (338)
Structural unemployment, underemployment, and secular stagnation
Journal of Economics Theory, 2023 We introduce a preference for wealth into the standard search and matching model to analyze the labor market when there is persistent demand shortage.
K. Hashimoto +2 more
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Capital Misallocation and Secular Stagnation [PDF]
Finance and Economics Discussion Series, 2017 The widespread emergence of intangible technologies in recent decades may have significantly hurt output growth--even when these technologies replaced considerably less productive tangible technologies--because of structurally low interest rates caused by demographic forces. This insight is obtained in a model in which intangible capital cannot attract
Andrea Caggese, Ander Perez-Orive
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Technological Progress, Globalization, and Secular Stagnation [PDF]
Journal 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
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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 Secular Stagnation Hypothes is and the Future of Europe’s Advanced Economies
Politeja, 2020 The secular stagnation hypothesis originated in the late 1930s when Alvin Hansen proposed that the American economy will experience a prolonged depression because of the slowdown in demographics. Widely discussed in the aftermath of the Great Depression,
Artur F. Tomeczek
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Interdependence between core and peripheries of the European economy: secular stagnation and growth in the Western Balkans [PDF]
The European Journal of Comparative Economics, 2017 European countries are economically dependent upon each other. This paper therefore embeds the analysis of the Western Balkan countries within a wider perspective of the European economy as a whole. It combines a simple core-periphery model with an under-
Will Bartlett, Ivana Prica
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Secular stagnation and monopoly capitalism
Journal of post Keynesian economics, 2023 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 Sawyer
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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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Economic Inquiry, 2023 This paper replicates the study “A Model of Secular Stagnation: Theory and Quantitative Evaluation” by Eggertsson et al. using the Dynare toolkit. Replication is important as it confirms the results of the original article, provides a user‐friendly ...
Alex Crescentini, Federico Giri
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Secular Stagnation in an Economy with Land [PDF]
SSRN Electronic Journal, 2018 I present a model of secular stagnation with land and infinitely-lived agents with wealth preferences. Land is the prime example of a non-producible productive asset and rules out a negative real interest rate in steady state. With standard wealth preferences, higher land prices stimulate consumption and full employment is always feasible in steady ...
Matthias Schlegl, Matthias Schlegl
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