Demand Side Secular Stagnation
By Lawrence H. Summers. 2015
434 citations recorded by the source corpus.
Subfields: Economics and Econometrics, Finance
View Paper: https://www.semanticscholar.org/paper/7c1c7acc7a594ed1e2e343650619cb1262fc3205
How researchers see this paper
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In Economics and Econometrics
- Angela Druckman
- Tim Jackson
- Lorenzo Burlon
- Mariassunta Giannetti
- Sarah Holton
- Carlo Altavilla
- T. Wiedmann
- S. Sorrell
In Finance
- Lorenzo Burlon
- Tim Jackson
- Mariassunta Giannetti
- Sarah Holton
- Carlo Altavilla
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Citations in the corpus
- Public Debt and Low Interest Rates (2019, neutral): “They point to structurally high saving and low investment, leading to a low equilibrium marginal product of capital for a long time to come (for example, Summers 2015, Rachel and Summers 2018).”
- Inequality and Aggregate Demand (2016, neutral): “7See Guerrieri and Lorenzoni (2017), McKay and Reis (2016), Gornemann, Kuester and Nakajima (2014), McKay, Nakamura and Steinsson (2016), Kaplan, Moll and Violante (2016), and Werning (2015) among many other.”
- Is there a zero lower bound? The effects of negative policy rates on banks and firms (2019, positive): “Moreover, NIRPs could be contractionary because negative rates reduce banks’ profits and lead banks to reduce lending (Brunnemeier and Koby, 2018; Eggertsson, Juelsrud, Summers, and Wold, 2019).1 On the other hand, Rogoff (2016 and 2017) argues that the ZLB constraint should not be considered as a l”
- Welfare systems without economic growth: A review of the challenges and next steps for the field (2021, background): “However, some prominent economists have begun again to explore the notion that wealthy nations across the OECD may be in a long-term economic slump, referred to in the literature as ‘secular stagnation’ (Gordon, 2012; Teulings and Baldwin, 2014; Summers, 2015; Jackson, 2017).”