Professor Summers — I followed the link to your lecture about
secular stagnation at the Bank of Chile conference last month.
Not exact matches
If you are right about
secular stagnation, the nations of the world need their governments to run bigger deficits,
at least for now and maybe indefinitely.
At the end, you exhort your professional colleagues to come up with some new ideas to combat
secular stagnation — an excess desire to save rather than invest, with consequent drag on the world economy.
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.
Jury is still out on
secular stagnation — «
At present, it looks likely that the equilibrium interest rate will remain low for the policy - relevant future, but there have in the past been both long swings and short - term changes in what can be thought of as equilibrium real rates»