"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.
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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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