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Have we Entered an Age of Secular Stagnation? IMF Fourteenth Annual Research Conference in Honor of Stanley Fischer, Washington, DC

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  • Lawrence H Summers

Abstract

Since the depths of the financial crisis in 2008–2009, most financial indicators have stabilized. However, the real parts of the economies in the industrialized world continue to lag. In this 2013 speech, I suggested that an older idea of “secular stagnation” may help explain the disappointing recent economic performance.

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  • Lawrence H Summers, 2015. "Have we Entered an Age of Secular Stagnation? IMF Fourteenth Annual Research Conference in Honor of Stanley Fischer, Washington, DC," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 63(1), pages 277-280, May.
    • Handle: RePEc:pal:imfecr:v:63:y:2015:i:1:p:277-280
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    Cited by:

    1. Tumisang Loate & Ekaterina Pirozhkova & Nicola Viegi, 2021. "Sailing into the Wind evaluating the near future of Monetary Policy in South Africa," Working Papers 11006, South African Reserve Bank.
    2. Axelle Arquié & Jérôme Hericourt & Fabien Tripier, 2020. "Covid-19: Has the Time Come for Mainstream Macroeconomics to Rehabilitate Money Printing?," Post-Print hal-03141372, HAL.
    3. Richard H. Clarida, 2019. "Monetary Policy, Price Stability, and Equilibrium Bond Yields: Success and Consequences : a speech at the High-Level Conference on Global Risk, Uncertainty, And Volatility, co-sponsored by the Bank fo," Speech 1102, Board of Governors of the Federal Reserve System (U.S.).
    4. José Alves & Sandro Morgado, 2024. "Secular stagnation: Is immigration part of the solution?," Journal of International Development, John Wiley & Sons, Ltd., vol. 36(2), pages 1426-1449, March.
    5. Kose, M. Ayhan & Sugawara, Naotaka & Terrones, Marco E., 2020. "Global Recessions," MPRA Paper 98608, University Library of Munich, Germany.
    6. Takahashi, Yuta & Takayama, Naoki, 2022. "Hidden Stagflation," Discussion Paper Series 733, Institute of Economic Research, Hitotsubashi University.
    7. Eguren Martin, Fernando & Meldrum, Andrew & Yan, Wen, 2021. "No-Arbitrage pricing of GDP-Linked bonds," Journal of Banking & Finance, Elsevier, vol. 126(C).
    8. Lawrence H. Summers, 2018. "Secular Stagnation and Macroeconomic Policy," IMF Economic Review, Palgrave Macmillan;International Monetary Fund, vol. 66(2), pages 226-250, June.
    9. Hernán D. Seoane, 2020. "The Real Interest Rates Across Monetary Policy Regimes," EconPol Policy Reports 22, ifo Institute - Leibniz Institute for Economic Research at the University of Munich.

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