2015•National Bureau of Economic ResearchOpen access
Secular Stagnation: The Long View
Barry Eichengreen
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Abstract
Four explanations for secular stagnation are distinguished: a rise in global saving, slow population growth that makes investment less attractive, averse trends in technology and productivity growth, and a decline in the relative price of investment goods.A long view from economic history is most supportive of the last of these four views.
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