Teulings, C. & Baldwin, R. (2014) “Secular stagnation: Facts, causes, and cures“, VoxEU Organisation Books, 15 Αυγούστου.
Six years after the Crisis and the recovery is still anaemic despite years of zero interest rates. Is ‘secular stagnation’ to blame? This column introduces an eBook that gathers the views of leading economists including Summers, Krugman, Gordon, Blanchard, Koo, Eichengreen, Caballero, Glaeser, and a dozen others. It is too early to tell whether secular stagnation is really secular, but if it is, current policy tools will be obsolete. Policymakers should start thinking about potential solutions.
Economic growth is still anaemic despite years of zero interest rates.
Is ‘secular stagnation’ to blame? What does secular stagnation really mean? And if it’s for real, what must be done?
Today, VoxEU.org launches an eBook that gathers the views of leading economists including Summers, Krugman, Gordon, Blanchard, Koo, Eichengreen, Caballero, Glaeser and a dozen others (edited by Coen Teulings and me). Collectively, the chapters suggest that something historic is afoot.
Σχετικές αναρτήσεις:
- Borio, C. & Disyatat, P. (2014) “Low interest rates and secular stagnation: Is debt a missing link?“, VoxEU Organisation, 25 Ιουνίου.
- Fatas, A. (2013) “Debt and secular stagnation“, Antonia Fatas on the Global Economy Blog, 10 Δεκεμβρίου.
- Shafik, N., (2013) “Europe’s Choice: Risk Stagnation or Pursue Integration”, iMFdirect Blog, 11 Οκτωβρίου.