The idea of secular stagnation: Three Versions

R. Kapeliushnikov ()

Voprosy Ekonomiki, 2015, issue 5

Abstract: The paper critically analyses the idea of “secular stagnation” actively discussed in the recent economic literature. It examines the most popular versions of this idea offered by T. Cowen, R. Gordon and L. Summers. Key arguments include, respectively, the exhaustion of the main sources of economic growth, the emergence of new impediments to growth, and the output gap that cannot be reduced by traditional macroeconomic policy measures. The author concludes that in the next decades a slowdown of economic growth in the U.S. is highly probable although it can hardly be characterized as “stagnation”.

Date: 2015
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.vopreco.ru/jour/article/viewFile/80/80 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:nos:voprec:y:2015:id:80

DOI: 10.32609/0042-8736-2015-5-104-133

Access Statistics for this article

More articles in Voprosy Ekonomiki from NP Voprosy Ekonomiki
Bibliographic data for series maintained by NEICON ().