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Only show results from the working paper series.

  1. Working Paper

    Conference paper

    Stagnation Traps

    By Gianluca Benigno and Luca Fornaro

    Dec 2017

    We provide a Keynesian growth theory in which pessimistic expectations can lead to very persistent, or even permanent, slumps characterized by high unemployment and weak growth.

  2. Working Paper

    Conference paper

    Inequality and Aggregate Demand

    By Matthew Rognlie and Adrien Auclert

    Dec 2017

    We explore the transmission mechanism of income inequality to output.

  3. Working Paper

    Commentary

    Some Thoughts on Secular Stagnation, Loanable Funds and the ZLB

    By Servaas Storm

    Dec 2017

    I have read the various conference papers and am struck by the fact that many use the (omnipresent New-Keynesian) model of an aggregate loanable funds market to diagnose secular stagnation and investigate possible remedies.

  4. Working Paper

    Conference paper

    The Rate of Return on Everything, 1870–2015

    By Òscar Jordà, Katharina Knoll, Dmitry Kuvshinov, Moritz Schularick, and Alan Taylor

    Dec 2017

    This paper answers fundamental questions that have preoccupied modern economic thought since the 18th century.

  5. Working Paper

    Conference paper

    Are Low Real Interest Rates Here to Stay?

    By Lukasz Rachel and Thomas D. Smith

    Dec 2017

    Long-term real interest rates across the world are low, having fallen by about 450 basis points (bps) over the past thirty years.

  6. Working Paper

    Conference paper

    A Model of Secular Stagnation: Theory and Quantitative Evaluation

    By Gauti Eggertson, Neil Mehrotra, and Jacob Robbins

    Dec 2017

    This paper replaces an earlier version of a paper released in 2014 under the title “A Model of Secular Stagnation.”

  7. Conference Session

    The Debate over Secular Stagnation

    Featuring Gauti Eggertson, Neil Mehrotra, Jacob Robbins, Alan Taylor, Antonella Stirati, and Daniele Girardi

    Dec 15, 2017 | 09:15—10:15

  8. Conference Session

    Long-Run Interest Rates and Secular Stagnation

    Featuring Gianluca Benigno, Luca Fornaro, Lukasz Rachel, and Coen Teulings

    Dec 15, 2017 | 02:10—03:30

  9. Conference Session

    Secular Stagnation and Inequality

    Featuring Matthew Rognlie, Diego Comin, and Steven Fazzari

    Dec 15, 2017 | 11:00—12:30

  10. Conference Session

    A Conversation with Lawrence H. Summers and Adair Turner

    Featuring Lawrence H. Summers and Adair Turner

    Dec 15, 2017 | 01:00—02:00

  11. Webinars and Events

    Is Slow Growth the “New Normal”?

    If So, What Are the Policy Solutions?

    Conference

    Hosted by Secular Stagnation

    Dec 15, 2017

    Distinguished Scholars Including Larry Summers and Adair Turner Present Evidence of the Trend and Policy Solutions

  12. Article

    How Academic Conformity Punishes Women—and Restricts the Diversity of Economic Ideas

    By Marcella Corsi, Carlo D'Ippoliti, and Giulia Zacchia

    Dec 14, 2017

    Skewed measures of “research output” hold back women who think differently or study smaller subfields in economics—and it’s harming the discipline as a whole

  13. Conference Session

    Explaining a Decade of Stagnation: Where Do We Go From Here?

    Featuring Steven Fazzari

    Dec 14, 2017 | 04:00—05:30

    A discussion with Steven M. Fazzari, INET Grantee and the Bert A. & Jeanette L. Lynch Distinguished Professor of Economics, Washington University.

  14. Webinars and Events

    World Economic Roundtable

    Explaining a Decade of Stagnation: Where Do We Go From Here?

    Discussion

    Dec 14, 2017

    The World Economic Roundtable seeks to help the business, investment, and policy communities understand ongoing changes in the world economy and to promote a discussion of ideas that can advance the goal of a widely shared global prosperity.

  15. Article

    Three Surprises on Climate Change from Economist Michael Grubb

    By Lynn Parramore

    Dec 12, 2017

    Two years after the 2015 Paris Agreement, where we stand today is better than you may think