Not exact matches
Many of those policies remain in place, sustaining
growth and avoiding
stagnation until such time as Keynes's animal spirits, which have been crushed
over the past seven years, revive.
In his article «The Age of Secular
Stagnation,» Larry Summers argued that excess of saving
over investment is acting as a drag on demand to weigh on
growth and inflation, and current monetary stimulus should be expanded to accelerate investments and pull demand forward, such as raising the inflation target or to conduct nominal GDP targeting.
A stumble in such efforts is likely to revive old concerns
over secular
stagnation and push investors back toward old habits, namely a preference for yield and stable
growth.
A stumble in such efforts is likely to revive old concerns
over secular
stagnation and push investors back toward old habits, namely a preference for yield and stable
growth.
Following two decades of
stagnation, the continent's economy has nearly doubled in size
over the past ten years on a per - capita basis, thanks to strong economic
growth and better governance.