Prior to the election, «Investors were resigned to many more years of
secular stagnation based on a status - quo election outcome,» Timmer says.
Not exact matches
Regardless of whether they believe in
secular stagnation, almost everyone agrees that neutral real rates have declined 100
basis points or more.
All of these have some validity, but the
secular stagnation theory offers the most comprehensive account of the situation and the best
basis for policy prescriptions.