Sinn, Hans-Werner, (2016), “Secular Stagnation or Self-Inflicted Malaise?”, Project Syndicate, 27 September
Almost exactly eight years ago, the Lehman Brothers collapse plunged the global economy into recession. The interbank market collapsed, and the entire industrialized world was thrown into the worst crisis since the end of World War II. Though central banks have maintained ultra-low interest rates, the crisis hasn’t yet been fully overcome. On the contrary, numerous economies, such as the southern European countries and France, simply aren’t making any headway. And Japan has been on the ropes for a quarter-century.
Relevant Posts
- Kozlowski, Julian, Veldkamp, Laura, Venkateswaran, Venky, (2016), “The tail that wags the economy: The origin of secular stagnation”, VoxEu, 11 September
- Spence, Michael, (2016), “How to Fight Secular Stagnation”, Project Syndicate, 31 Αugust