Affiliation:
1. Department of Economics, University of California, 549 Evans Hall 3880, Berkeley, CA 94720 (e-mail: )
Abstract
Four explanations for secular stagnation are distinguished: a rise in global saving, slow population growth that makes investment less attractive, adverse 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.
Publisher
American Economic Association
Subject
Economics and Econometrics
Cited by
115 articles.
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