Secular Stagnation: The Long View

Barry Eichengreen

American Economic Review, 2015, vol. 105, issue 5, 66-70

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.

JEL-codes: E21 E23 E24 E31 E32 O47 (search for similar items in EconPapers)
Date: 2015
Note: DOI: 10.1257/aer.p20151104
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Citations: View citations in EconPapers (117)

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