Implications of globalization and secular stagnation for monetary ...

My final answer is that globalization and secular stagnation make a sustained, coordinated fiscal expansion necessary for restoring growth to ...

Harvard's Larry H. Summers on Secular Stagnation – IMF F&D

Financial stability is as much at risk from low rates as high rates. The medium-term issue is the full absorption of savings rather than the crowding-out of ...

Secular stagnation is not over | PIIE

Secular stagnation, a concept put forward by the economist Alvin Hansen in 1938, refers to economies suffering from structurally low private demand.

Facts For All - Vote Smart

Implications of Globalization & Secular Stagnation for Monetary Policy ... Only available in PDF format; please see source to view document. Source ...

Monetary and Fiscal Implications of Secular Stagnation

The reason austerity is so destructive is that we're up against the zero lower bound, so that reductions in demand can't be offset with interest ...

Global secular stagnation and the rise of intellectual property ...

explain secular stagnation and the related profit-investment, money supply-inflation and feeble monetary policy paradoxes? The treatment ...

Technological Progress, Globalization, and Secular Stagnation

However, once we reduce the interest rate in order to stimulate growth, the side effects are all sorts of bubbles and other forms of financial ...

Escaping Secular Stagnation with Unconventional Monetary Policy

(2022) show empirically using European data that pandemics typically depress natural rates of interest and the effect can persist for many decades. As inflation ...

On Secular Stagnation in the Industrialized World

For instance, the recent global financial crisis has likely led to a reassessment of what it means that an asset is rated AAA, whereas the dot-com bubble ...

Will secular stagnation return? The stakes for current economic ...

Social insurance expansion and public investment spending financed by progressive taxes would help combat secular stagnation. Long periods when ...

Secular Stagnation in the Open Economy

Secular Stagnation in the Open Economy by Gauti B ... Monetary expansion cannot eliminate a secular stagnation and may have beggar-thy-neighbor effects ...

Secular Stagnation and the Future of Global Macroeconomic Policy

Secular Stagnation and the Future of Global Macroeconomic Policy ; Secular Stagnation or Secular Stagflation. Financial Markets Group · 6.3K views.

The Age of Secular Stagnation - Larry Summers

Secular stagnation and the slow growth and financial instability associated with it have political as well as economic consequences. If ...

Full article: Secular stagnation and monopoly capitalism

It is reported that a zero effect of financial globalization cannot be rejected. The growth effects of globalization have varied over time.

Technological Progress, Globalization, and Secular Stagnation

In other words, secular stagnation manifests itself as a problem of the limitation of long run growth of aggregate demand. However, in order to explain the ...

Why 'secular stagnation' matters - BBC News

The observed behaviour of an economy suffering from secular stagnation or the impact of a global savings glut appear similar - low interest ...

Secular stagnation: A review of the issues - CEPR

Even taking general equilibrium effects into account, then, changes in global savings do not appear to be a major factor in the persistently low ...

Secular stagnation or financial cycle drag?

RGF = relative global factor, denoting the difference between the impact of the global output gap and the domestic output gap on domestic.

3. Rethinking Secular Stagnation after Seventeen Months in

When that is the case, countries with relatively attractive investment opportunities (but barriers to external investment) will be wary of increased foreign ...

Secular Stagnation: Evidence and Implications for Economic Policy

Turner (2014), “The Effect of the Global Financial Crisis on OECD Potential Output”,. OECD Economics Department Working Papers, No. 1166 ...