American Economic Review Vol. 105 No. 5 2015
Secular Stagnation: The Long View
Abstract
Four explanations for secular stagnation are distinguished: a rise in global saving, slow population growth that makes investment less attractive, adverse 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.
- DOI
- 10.1257/aer.p20151104
- Volume
- 105
- Issue
- 5
- Pages
- 66-70
- Language
- en
- Sources
- bibtex:phds-export.bib crossref openalex