Phrases with «secular stagnation»

"Secular stagnation" refers to a prolonged period of slow economic growth and low inflation in an economy. It suggests that the economy is stuck in a state where there is limited investment, low consumer demand, and insufficient job creation. It is called "secular" because it is believed to be a long-term and persistent issue rather than a short-lived economic downturn. Full definition

secular stagnation

Sentences with «secular stagnation»

From the perspective of secular stagnation theory, much of what people worry about in monetary policy is endogenous rather than exogenous — such as zero rates, conditions that give rise to negative long - term rates, decisions to expand balance sheets. (larrysummers.com)
It has been two years since I resurrected Alvin Hansen's secular stagnation idea and suggested its relevance to current conditions in the industrial world. (larrysummers.com)
Here is a transcript of a lecture (along with the associated power point) given at the Bank of Chile Research Conference that updates my thinking on secular stagnation. (larrysummers.com)
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Phrases with «secular stagnation»

Sentences with «secular stagnation»

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