The Idea of Secular Stagnation: Three Versions

被引：3

作者：

Kapeliushnikov, Rostislav ^{[1
,2
]}

机构：

[1] Russian Acad Sci, Inst World Econ & Int Relat, Moscow V71, Russia

[2] Natl Res Univ Higher Sch Econ, Ctr Labour Market Studies, Moscow, Russia

来源：

VOPROSY EKONOMIKI | 2015年 / 05期

关键词：

economic growth; productivity; stagnation; the United States;

D O I：

10.32609/0042-8736-2015-5-104-133

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

The paper critically analyses the idea of "secular stagnation" actively discussed in the recent economic literature. It examines the most popular versions of this idea offered by T. Cowen, R. Gordon and L. Summers. Key arguments include, respectively, the exhaustion of the main sources of economic growth, the emergence of new impediments to growth, and the output gap that cannot be reduced by traditional macroeconomic policy measures. The author concludes that in the next decades a slowdown of economic growth in the U.S. is highly probable although it can hardly be characterized as "stagnation".

引用

页码：104 / 133

页数：30