Martin Wolf in the FT today strikes a different direction from those secular stagnaters shepherded by Larry Summers towards the cliff-edge of endless doom. Larry Summers devised and popularised the term, “secular stagnation”. He has a lot to answer for. His misjudgements, poor advice to the Obama administration, and flawed analysis have been catastrophic for the global […]
Posts Tagged ‘Stagnation’
‘Secular stagnation’ is the outcome of deliberate policy — it can (still) be reversed
Oct 16th, 2014 by Ann Pettifor.
Japanisation: the economics of extended stagnation
Aug 25th, 2011 by David Osler.Neologism of the week award goes to the Financial Times for coining the term ‘Japanisation’ as a shorthand description for current economic trends in Europe and North America. You can read just what various commentators intend by the word here, but if you want it in plain English, the underlying idea is that the rest […]
