Economic Growth

A Model of Secular Stagnation: Theory and Quantitative Evaluation

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

Response to Peter Bofinger's "Friendly Fire"

I am grateful to Professor Peter Bofinger for alleviating some of the worries I had after reading his VoxEU paper. To be clear, his comment leaves no doubt that he: Read more