Slouching Towards Secular Stagnation: Part 2

In a previous post I discussed the recent turn of some notable mainstream economists towards reconsideration of Alvin Hansen’s thesis of secular stagnation. It would seem that there is a more general trend at work here, which embodies at least two themes: A modest revival of some parts of the “Old Keynesian” class of models, … Continue reading Slouching Towards Secular Stagnation: Part 2