period of stagnation. The model has multiple steady-growth solutions when the labour supply is highly elastic, and government …, and a combination of high saving rates and slow population growth account for the stagnation of the 1990s. This …

in Germany, are analysed. Finally, the impact of deflationary wage policies on German and European stagnation are … discussed and it is concluded that the excessive wage restraint in Germany not only exacerbates stagnation and deflationary …

This paper examines several mainstream explanations of the financial crisis and stagnation and the role they attribute … financial crisis and stagnation, making it critical we get the story right. … Stagnation sowie die Rolle, die sie der Einkommensungleichheit zuschreiben. Diesen Erklärungen wird eine strukturelle …

-schaftlichen Stagnation mit minimalem oder ganz ausbleibendem Wirtschaftswachstum scheint derzeit nicht ausgeschlossen. Die Relevanz dieser … akademischen Kreisen wird diese anhaltende Wachstumsschwäche unter dem Stichwort der säkularen Stagnation diskutiert, weil sie …

stagnation of investment, especially private fixed investment, was the primary culprit. I then investigate the causes of the … stagnation of household consumption during the 1990s and find that the stagnation of household disposable income, the decline in …

. Thus, the present model provides an analytical framework for persistent stagnation. …

of stagnation or low growth. Comparative case studies of the Great Depression, the Latin American debt crisis of the 1980 … prosperity for a long time? The main conclusion is that stagnation after big financial crises becomes likely when the balance …