The paper 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. Kowen, R. Gordon and L. Summers. Author concludes that in the next decades a slowdown of economic growth in the U.S. is...

We analyze equilibrium paths in two models of overlapping generations with reciprocal altruism. The first one allows us to consider a case of different propensity to of consumer to support her children and parents (non-symmetrical altruism). In this model, an equilibrium is a Nash equilibrium....