The concept of "secular stagnation" — that the economy may be facing a protracted period of low growth and high unemployment — has been seeping back into economic and policy discourse. Once relegated to the margins of heterodox economic theory, the idea of stagnation as a likely ongoing direction for the economy, in fact, is now virtually mainstream, expounded by such well-known figures as Lawrence Summers and Pau...
The concept of "secular stagnation" — that the economy may be facing a protracted period of low growth and high unemployment — has been seeping b...
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