Why do advanced economies fall into prolonged periods of economic stagnation, particularly in the aftermath of credit … that financially more deregulated economies are more likely to experience persistent stagnation. In the short run, credit …

In our article we review the secular stagnation hypothesis, firstly postulated by Hansen (1939), to describe the … definition of secular stagnation founded on four pillars: diminished long run growth potential, increasing aggregate demand … secular stagnation. For that, we consider one of the most evoked factors causing secular stagnation, demographics in the form …

Hansen's theory of secular stagnation which has recently received much attention among scholars studying the financial crises … in Japan, the US and the Eurozone. This article argues that part of the new stagnation does not result from a natural …