Technological Progress, Globalization, and Secular Stagnation
After the 2008 crisis, despite economic recovery that started in 2009, the world economy has experienced a downward shift of its growth path and a consequent decline. As shown at the beginning of this paper, this shift and growth rate stagnation are totally attributable to the economic dynamics in d...
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| Format: | Article |
| Language: | English |
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Sciendo
2018-01-01
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| Series: | Journal of Central Banking Theory and Practice |
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| Online Access: | https://doi.org/10.2478/jcbtp-2018-0004 |