Secular Stagnation: Evidence and Implications for Economic Policy
收藏数据链接：
官方服务：
资源简介：
This paper investigates whether OECD countries are facing secular stagnation. Secular stagnation is defined as a situation when policy interest rates bounded at zero fail to stimulate demand sufficiently, due to low or negative neutral real interest rates and low inflation, and when ensuing prolonged and subdued growth undermines potential growth...
