Secular Stagnation: The Long View
NBER Working Paper No. 20836
Four explanations for secular stagnation are distinguished: a rise in global saving, slow population growth that makes investment less attractive, averse trends in technology and productivity growth, and a decline in the relative price of investment goods. A long view from economic history is most supportive of the last of these four views.
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Document Object Identifier (DOI): 10.3386/w20836
Published: Barry Eichengreen, 2015. "Secular Stagnation: The Long View," American Economic Review, American Economic Association, vol. 105(5), pages 66-70, May. citation courtesy of
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