Sentences with phrase «other secular stagnation»

Summers and other secular stagnation supporters argue that the level of interest rates needed to bring the economy back to full capacity is below the effective lower bound for monetary policy, so central banks are powerless to stimulate enough demand to use up excess supply.

Not exact matches

For these and other companies, Alberta continues to offer an island of pre-2008 growth in a world overshadowed by secular stagnation.

While many other people have referred to this period as the «new normal» or «secular stagnation», I've referred to it as the «Great Normalization».

The other reason rising inflation is a good thing is that it suggests secular stagnation — a permanent, low - growth regime — is ending.

Unfortunately, the Fed and other policy setters remain committed to traditional paradigms and so are acting in ways that make secular stagnation more likely.

The point which Ben very appropriately emphasizes is that unmanaged secular stagnation in one place is contagious — that a higher level of saving over investment leading to low interest rates in one place, leads to current account surplus, leads to a capital outflow, which then leads to currency depreciation, leads to currency appreciation in other places, and leads therefore to spreading low demand and low interest rates everywhere.