A Model of Secular Stagnation: Theory and Quantitative Evaluation
收藏NBER2017-01-01 更新2025-01-04 收录
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https://www.nber.org/papers/w23093
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资源简介：
This paper formalizes and quantifies the secular stagnation hypothesis, defined as a persistently low or negative natural rate of interest leading to a chronically binding zero lower bound (ZLB). Output-inflation dynamics and policy prescriptions are fundamentally different from those in the
提供机构：
美国国家经济研究局
创建时间：
2017-01-01
