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metadata language: English

Replication data for: Demand Side Secular Stagnation

Version
V0
Resource Type
Dataset
Creator
  • Summers, Lawrence H.
Publication Date
2015-05-01
Description
  • Abstract

    The experience of first Japan and now Europe and the USA suggests that Hansen's concept of secular stagnation is highly relevant. Recovery has been anemic and follows a generation of financially unsustainable and often lackluster growth. Investment demand has declined while the supply of saving has increased, leaving the economy vulnerable to liquidity traps. Although some US indicators have improved, forward real rates have declined sharply, European prospects remain muddled, and the zero-bound will likely constrain again during the next recession. Infrastructure and private investment are the best ways to both minimize the risk of secular stagnation and raise demand.
Availability
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Relations
  • Is supplement to
    DOI: 10.1257/aer.p20151103 (Text)
Publications
  • Summers, Lawrence H. “Demand Side Secular Stagnation.” American Economic Review 105, no. 5 (May 2015): 60–65. https://doi.org/10.1257/aer.p20151103.
    • ID: 10.1257/aer.p20151103 (DOI)

Update Metadata: 2020-05-18 | Issue Number: 2 | Registration Date: 2019-10-12

Summers, Lawrence H. (2015): Replication data for: Demand Side Secular Stagnation. Version: V0. ICPSR - Interuniversity Consortium for Political and Social Research. Dataset. https://doi.org/10.3886/E113415