Tag Archives: secular stagnation

A Model of Secular Stagnation

From two of my favorite macroeconomists, Gauti Eggertsson and  Neil Mehrotra: In this paper we propose a simple overlapping generations New Keynesian model in which a permanent (or very persistent) slump is possible without any self-correcting force to full employment. The … Continue reading

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Summers: We haven’t done it in 15 years and Japan hasn’t done it in a generation

Starts around the 9 min mark. HT: Mark Thoma

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Larry Summers on why the economy is broken — and how to fix it

From Ezra Klein: Larry Summers on why the economy is broken — and how to fix it. In addition to the empirical observation that real interest rates over both the short and long term have declined substantially and the calculations suggesting … Continue reading

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Secular Stagnation & 3 Strategies for Financially Sustainable Growth

From Larry Summers: The challenge of secular stagnation, then, is not just to achieve reasonable growth but to do so in a financially sustainable way. There are, essentially, three approaches. The first would emphasize what is seen as the economy’s … Continue reading

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