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Secular Stagnation : Evidence and Implications for Economic Policy

Secular Stagnation : Evidence and Implications for Economic Policy
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Secular Stagnation and Macroeconomic Policy

IMF Economic Review, 2018
Secular stagnation theory has developed substantially recently and offers substantial insights that policymakers have yet to fully internalize. This paper reviews the considerations that led me to revive the secular stagnation idea, summarizes the theory as I understand it today, and argues that events since I started advocating the secular stagnation ...
Lawrence H Summers
exaly   +3 more sources

Rapid growth or stagnation: An economic policy choice

Journal of Policy Modeling, 2014
Why has the American economy performed so poorly in the past decade, especially in comparison with the two prior decades? This paper makes the theoretical and empirical case that a series of economic policy decisions provides the most satisfactory explanation and that policy reform will restore good economic performance.
John B. Taylor
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Stagnation Theory and Stagnation Policy

1990
Following the traditions of Kalecki and Keynes, we are led to believe that a high long-term rate of growth is necessary to establish an adequate use of capacity and full employment, because somehow our economy is rather inflexibly adjusted to such high long-term rates of growth.
J. Steindl
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Stagnation policy in the Eurozone and post-Keynesian economic policy alternatives

Progressive Post-Keynesian Economics, 2019
Empirically, the macroeconomic institutions and the macroeconomic policy approach in the Eurozone have failed badly, both in terms of preventing the global financial and economic crisis from becoming a euro crisis and in generating a rapid recovery from the crisis, in particular.
Eckhard Hein
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Monetary policy, financial uncertainty, and secular stagnation

North American Journal of Economics and Finance, 2020
Abstract A monetary policy framework describing how to cope with a financial crisis might alleviate a recession; however, it might also result in subsequent secular stagnation. Based on an empirical New Keynesian model with financial uncertainty, this study investigates how monetary policy can avoid sluggish economic recovery in response to financial
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Stagnation theory and stagnation policy

Cambridge Journal of Economics, 1979
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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
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Negative Interest Rate Policy to Fight Secular Stagnation: Unfeasible, Ineffective, Irrelevant, or Inadequate?

, 2020
This paper discusses three explanations for Secular Stagnation: Summers’s demand-side Secular Stagnation Theory, Palley’s Investment Saturation Hypothesis, and Gordon’s supply-side Secular Stagnation Theory.
Stefano Di Bucchianico
semanticscholar   +1 more source