HKS Affiliated Authors
Frank and Denie Weil Director of the Mossavar-Rahmani Center for Business and Government
Charles W. Eliot University Professor
Excerpt
Excerpt
Secular Stagnation: facts, causes and cures. Lawrence Summers, August 15, 2014, Paper. "Summers contributed a chapter, “Reflections on the New Secular Stagnation Hypothesis,” to the new Vox eBook, “Secular Stagnation: facts, causes and cures.” Economic growth is still anaemic despite years of zero interest rates. Is ‘secular stagnation’ to blame? What does secular stagnation really mean? And if it’s for real, what must be done? VoxEU.org recently launched an eBook that gathers the views of leading economists including Summers, Krugman, Gordon, Blanchard, Koo, Eichengreen, Caballero, Glaeser and a dozen others..." Link