. The secular stagnation hypothesis argues that a negative natural rate of interest is the underlying cause of the Great … Recession. In this paper I demonstrate the role of bubbles in secular stagnation. Bubbles increase the natural rate of interest …, hence they alleviate the cause of secular stagnation. This suggests a positive role for bubbles, however bubbles are …

Hansen's theory of secular stagnation has been resurrected in mainstream discourse today through economists such as … Lawrence Summers and Paul Krugman. The modern theory of stagnation believes that excess savings – brought about due to slowing … modern stagnation theory leads one to the under-consumption theories of Hobson and Malthus, in its focus on excess savings …

stagnation by simulating a five-region New Keynesian model of the world economy, calibrated to the United States (US), the euro …

This paper presents a model of secular stagnation, income and wealth distribution, and employment in the Classical …

stagnation in steady state, but implies a long run paradox of thrift; and (iii) allows for contextualization vis-à-vis the …