A Model of Secular Stagnation
By Gauti B. Eggertsson, Neil R. Mehrotra. 2014
306 citations recorded by the source corpus.
Subfields: Economics and Econometrics
View Paper: https://www.semanticscholar.org/paper/4b9d219c3e63b86ba6d7fd8d2d79c42b5c35772e
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In Economics and Econometrics
- Ricardo J. Caballero
- Emmanuel Farhi
- Carlos M. Carvalho
- L. Rachel
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Citations in the corpus
- Growth, Slowdowns, and Recoveries (2019, unknown): “Eggertsson and Mehrotra (2014) builds a model that can deliver secular stagnation as a result of household deleveraging or a decline in the population growth rate.”
- Demographics and Real Interest Rates: Inspecting the Mechanism (2016, background): “Eggertsson and Mehrotra (2014) show how a decline in population growth rate can be equivalent to a tightening of borrowing constraints, and thus reduce the equilibrium real interest rate.”
- Caught in the Middle? The Economics of Middle-Income Traps (2017, unknown): “More formal econometric analysis of whether a country is stuck in a middle-income trap—based on either the absolute or the relative approach to defining income categories—is provided by Eichengreen et al. (2012, 2014), Felipe et al. (2012, 2014), Jimenez et al. (2012), Aiyar et al.”
- The Safety Trap (2017, background): “Since the policy leaves the supply of safe assets unchanged, it does not expand aggregate demand or output.(26,27)”
- Demographic Structure and Macroeconomic Trends (2019, unknown): “Most of this literature currently focuses on the effects of aggregate demand externalities in periods of financial deleveraging that may lead to prolonged periods of lower real rates of return (furthermore, these effects are amplified the lower the population and productivity growth rates, see Egger”
- Are Low Real Interest Rates Here to Stay (2017, methodology): “The relationship between national saving rates 12This general mechanism has been incorporated in recent models, e.g., in Eggertsson and Mehrotra (2014) and Kumhof, Ranciere, and Winant (2015).”