Secular Stagnation: The Long View

Barry Eichengreen

No 20836, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: 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.

JEL-codes: E00 N1 (search for similar items in EconPapers)
Date: 2015-01
New Economics Papers: this item is included in nep-fdg, nep-his, nep-hpe and nep-mac
Note: DAE
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Citations: View citations in EconPapers (117)

Published as Barry Eichengreen, 2015. "Secular Stagnation: The Long View," American Economic Review, American Economic Association, vol. 105(5), pages 66-70, May.

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