Secular Stagnation: The Long View
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.
Non-Technical Summaries
- Author(s): Barry EichengreenThe greater the changes required by new technologies, the author reasons, the more growth may slow in the short run, but once...
Published Versions
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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