Secular Stagnation: The Long View /

Eichengreen, Barry.

Secular Stagnation: The Long View / Barry Eichengreen. - Cambridge, Mass. National Bureau of Economic Research 2015. - 1 online resource: illustrations (black and white); - NBER working paper series no. w20836 . - Working Paper Series (National Bureau of Economic Research) no. w20836. .

January 2015.

Four explanations for secular stagnation are distinguished: a rise in global saving, slow population growth that makes investment less attractive, averse 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.




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