Results 1 to 10 of about 14,055 (299)
Secular stagnation or stagnation policy? Steindl after Summers [PDF]
PSL Quarterly Review, 2016 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 ...
Eckhard Hein
doaj +6 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 ...
Seppo Honkapohja, Kaushik Mitra
exaly +9 more sources
Fiscal Policy in an Age of Secular Stagnation [PDF]
Comparative Economic Studies, 2020 An on-going period of secular stagnation in advanced economies has brought down interest rates, growth rates and inflation. Due to the relatively larger fall in interest rates, the differential between the interest rate paid on government debt and the output growth rate (IRGD) became lower and has even turned negative in most advanced economies.
Michael Büchner
exaly +3 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.
Evans, George W. +2 more
openaire +3 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
Breaking through safety performance stagnation in autonomous vehicles with dense learning [PDF]
Nature CommunicationsAutonomous vehicles remain commercially limited largely due to safety performance stagnation. Existing deep learning, heavily reliant on failure data from rare safety-critical events, suffers from the seesaw effect—improvement in some scenarios causes ...
Shuo Feng +11 more
doaj +2 more sources
Use of ANN model in economies [PDF]
E3S Web of Conferences, 2022 In this paper, the authors made their contribution by constructing a model for the forecast of average annual net earnings in the EU countries. The model is based on the artificial neural network (ANN) use and for the needs of its creation the authors ...
Ćetković Jasmina +2 more
doaj +1 more source
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
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DISCOURAGING SHOCKWAVES UNDER SIMULATED GREEN SHOOTS AMONG DEVELOPED COUNTRIES [PDF]
Вісник Київського національного університету імені Тараса Шевченка. Серія Економіка, 2013 Current paper performs a range of economic recovery signs during a permanent stagnation of the business cycle phase preview. However, most of those green shoots are simulated on the back of almost total macroeconomic policy disability.
V. Osetskyi, I. Kalinkova
doaj +1 more source
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
doaj +1 more source