Download This PaperSecular Stagnation: The Long View
17 Pages Posted: 12 Jan 2015 Last revised: 7 Dec 2024
Date Written: January 2015
Abstract
Four explanations for secular stagnation are distinguished: a rise in global saving, slow population growth that makes investment less attractive, averse trends in technology and productivity growth, and a decline in the relative price of investment goods. A long view from economic history is most supportive of the last of these four views.
Suggested Citation: Suggested Citation
Eichengreen, Barry, Secular Stagnation: The Long View (January 2015). NBER Working Paper No. w20836, Available at SSRN: https://ssrn.com/abstract=2548355
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