Ines Goncalves Raposo, (2019), ” Secular stagnation and the future of economic stabilisation”, Bruegel, 1 April
Larry Summers’ and Łukasz Rachel’s most recent study documents a secular fall in neutral real rates in advanced economies. According to the authors, this fall would be even more marked in the absence of offsetting fiscal policies. Policymaking in a world of permanently low interest rates may be hard to navigate, especially in troubled waters. We review economists’ views on the matter
Relevant Posts
- Kemal Dervis, (2018), «Have We Dodged the Secular-Stagnation Bullet?», Project Syndicate, 6 March
- Ferrero, Giuseppe, Gross, Marco, Neri, Stefano, (2017), «On secular stagnation and low interest rates: demography matters», European Central Bank (ECB) Working Paper Series No 2088, July