März 2020 im Einklang mit dem Mandat der EZB: ... “Four Observations on Secular Stagnation”, in “Secular Stagnation: Facts, Causes and Cures”, VoxEU S. 131-142. Hansen’s Depression-era idea of secular stagnation. How to Avoid Secular Stagnation – Frank Shostak (01/24/2020) Posted on January 24, 2020 by wsw staff | In his January 10 interview on Bloomberg TV , former US Treasury secretary Larry Summers expressed concern that despite the aggressive lowering of interest rates by major central banks, economic activity does not appear to be responding. First, a high supply of savings and a low level of demand should mean low interest rates. The policy response to the Covid-19 recession rests on excessive faith in the power of governments and central banks and risks undermining long … Secular Stagnation or Technological Lull? changing contribution of education, growing inequality, fiscal constraints. Indeed, real rates by almost any measure have Demand is leading supply, also in the long run. He points to factors, such as ineffective monetary policy and … While 2020 started off on a very positive note, geopolitical tensions were a keen reminder that the year is unlikely to be smooth sailing for any country, let alone emerging markets. Secular Stagnation or Technological Lull? This column by Larry Summers – first published in the Vox eBook “Secular Stagnation: Facts, Causes and Cures” – explains the idea. Under some definitions, "slow" means significantly slower than potential growth as estimated by macroeconomists, even though the growth rate may be nominally higher than in other countries not experiencing economic stagnation. Hansen had it right, after all.

University of California, San Diego and NBER . Larry Summers on Fareed Zakaria GPS May 15th, 2020 Former Fed chairman Larry Summers tells Fareed how he sees the global economy and that of the US adapting to a post-Covid world. Keiichiro Kobayashi & Kozo Ueda, 2020. ‘Secular stagnation’ Are the rich economies of the world facing long-run ‘secular stagnation’? This paper argues that it is a mistake to dismiss secular demand stagnation as main cause of declining potential growth in the OECD.

März 2020 im Einklang mit dem Mandat der EZB: ... “Four Observations on Secular Stagnation”, in “Secular Stagnation: Facts, Causes and Cures”, VoxEU S. 131-142. Keiichiro Kobayashi & Kozo Ueda, 2020. We argue that the theoretical case for demand-caused secular stagnation is strong and empirical evidence that it has affected the U.S. economy after the mid-1970s is entirely convincing. Abstract . There are a number of things we would expect to see if secular stagnation has been taking hold in recent years. Causes of secular stagnation. February 27, 2020 . The slow recovery of the economy from the Great Recession and the lingering low real interest rates have led to fears of “secular stagnation” and calls for government aggregate demand stimulus The slow recovery of the economy from the Great Recession and the lingering low real interest rates have led to fears of “secular stagnation” and calls for government aggregate demand stimulus

Abstract . University of California, San Diego and NBER . 7 Renditen hat viele Ökonomen schließen lassen, dass der sogenannte natürliche Zinssatz gefallen ist (Rachel und Summers, 2019).

This article summarizes the case for new approaches to macroeconomics by highlighting important structural changes in the economy of the industrial world, explains the secular stagnation view, and draws some policy implications. Productivity Origins of “Secular Stagnation” 1 by Valerie A. Ramey University of California, San Diego and NBER AEA Meetings, San Diego, January 3, 2020 7 Renditen hat viele Ökonomen schließen lassen, dass der sogenannte natürliche Zinssatz gefallen ist (Rachel und Summers, 2019). Valerie A. Ramey . "Secular stagnation and low interest rates under the fear of a government debt crisis," CAMA Working Papers 2020-40, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.Handle: RePEc:een:camaaa:2020 …


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