• Kenneth Rogoff


Secular Stagnation, Debt Overhang and other Rationales for Sluggish Growth, Six Years On, Kenneth Rogoff, January 2015, Paper. "There is considerable controversy over why sluggish economic growth persists across many advanced economies six years after the onset of the financial crisis. Theories include a secular deficiency in aggregate demand, slowing innovation, adverse demographics, lingering policy uncertainty, post-crisis political fractionalisation, debt overhang, insufficient fiscal stimulus, excessive financial regulation, and some mix of all of the above. This paper surveys the alternative viewpoints. We argue that until significant pockets..." Link