Secular Stagnation as a Result of Economic Maturity or Deepening Underdevelopment?

In this article, we critique the secular stagnation hypothesis and offer an alternative theoretical framework capable of more fully explaining the current economic trajectory of developing countries: falling interest rates, asset price deflation, and falling investment.

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Bibliographic Details
Published inJournal of economic issues Vol. 56; no. 2; pp. 578 - 583
Main Authors Vidal, Gregorio, Marshall, Wesley
Format Journal Article
LanguageEnglish
Published Routledge 03.04.2022
Subjects
financial markets
secular stagnation
wealth distribution
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Summary:In this article, we critique the secular stagnation hypothesis and offer an alternative theoretical framework capable of more fully explaining the current economic trajectory of developing countries: falling interest rates, asset price deflation, and falling investment.
ISSN:0021-3624
1946-326X
DOI:10.1080/00213624.2022.2065857