Results 1 to 10 of about 8,430 (297)
ECONOMIC POLICY TO OVERCOME STAGNATION AFTER THE FINANCIAL CRISIS
Вестник университета, 2021 The article considers the downward spiral of deflation, its causes and consequences. The paper discusses the compression of aggregate demand and the subsequent recession.
V. D. Kuligin
doaj +4 more sources
Secular Stagnation or Stagnation Policy? Steindl after Summers [PDF]
SSRN Electronic Journal, 2015 The debate on secular stagnation suffers from vagueness and several shortcomings, which affect its economic policy implications. In this work we provide an alternative view on the advanced economies’ tendencies to stagnation, based on Josef Steindl’s contributions.
Eckhard Hein
+7 more sources
Expectations, stagnation and fiscal policy [PDF]
SSRN Electronic Journal, 2016 Stagnation as the new norm and fiscal policy are examined in a New Keynesian model with adaptive learning determining expectations. We impose inflation and consumption lower bounds, which can be relevant when agents are pessimistic. The inflation target is locally stable under learning.
George W. Evans +2 more
+5 more sources
Secular Stagnation: A Long-Run Phenomenon, Short-Run Policies. The Case of the U.S. Economy [PDF]
Studies in Business and EconomicsThis study examines the persistent slowdown of the U.S. economy since 2007 and argues that it represents a secular stagnation: a structural form of slowdown growth, rather than a cyclical weakness.
Vlad Val, Popa Cristina Elena
doaj +2 more sources
Secular Stagnation and Monetary Policy [PDF]
Review, 2016 This article is based on the author’s Homer Jones Memorial Lecture delivered at the Federal Reserve Bank of St. Louis, April 6, 2016.
Lawrence H. Summers
openalex +2 more sources
EXPECTATIONS, STAGNATION, AND FISCAL POLICY: A NONLINEAR ANALYSIS [PDF]
International Economic Review, 2022 AbstractStagnation and fiscal policy are examined in a nonlinear stochastic New‐Keynesian model with adaptive learning. There are three steady states. The steady state targeted by policy is locally but not globally stable under learning. A severe pessimistic expectations shock can trap the economy in a stagnation regime, underpinned by a low‐level ...
George W. Evans +2 more
openalex +8 more sources
Reasons for the Demise of Interest: Savings Glut and Secular Stagnation or Central Bank Policy? [PDF]
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
doaj +2 more sources
Secular stagnation and progressive economic policy alternatives [PDF]
European Journal of Economics and Economic Policies: Intervention, 2016 This paper summarizes two main findings in the post-Keynesian literature regarding the linkages between financialization, income distribution, accumulation and productivity. First, at the core of secular stagnation lies the missing link between profits and investment.
Özlem Onaran
openalex +3 more sources
Environmental Policies and Stagnation in a Two-Country Economy
SSRN Electronic Journal, 2023 Global warming is a serious and acute threat to our planet, but, when negotiating the allocation of permissible carbon emissions, conflicts of interest exist between developed and developing countries. Developing countries insist that global warming is the result of prolonged pollution emissions by developed countries, while developed countries demand ...
Masako Ikefuji, Yoshiyasu Ono
+6 more sources
Understanding rice production stagnation in the Philippines: Regional evidence and development implications. [PDF]
PLoS ONEDespite decades of investment in agricultural research and rice development, the Philippines continues to face stagnation in domestic rice production.
Henry A Bartelet +3 more
doaj +2 more sources