Secular stagnation: Facts, causes and cures - a new Vox eBook
Six years after the Crisis and the recovery is still anaemic despite years of zero interest rates. Is ‘secular stagnation’ to blame? This eBook gathers the views of leading economists including Summers, Krugman, Gordon, Blanchard, Koo, Eichengreen, Caballero, Glaeser and a dozen others. It is too early to tell whether secular stagnation is really secular, but if it is, current policy will be obsolete. Hence, policymakers should start thinking about solutions. The old toolkit is inadequate and today’s extraordinary central-bank manoeuvres may not work next time.
This eBook is available for immediate download at http://bit.ly/1oUP1FD.