Handbook of Economic Stagnation

Handbook of Economic Stagnation takes a broad view, including contributions from orthodox and heterodox economists who examine situations in countries and worldwide regions, including Japan and the Euro area. To be sure, stagnation is periodically relieved by short economic bursts usually brought on by unsustainable asset price bubbles. Once the bubbles burst, stagnation returns. This book's fresh, comprehensive approach to the topic makes it the premier source for anyone affected by these cycles.

Part I: The Problem 1. Secular Stagnation: As Good as It Gets? 2. The US economy since the crisis: Slow recovery and secular stagnation 3. Understanding Secular Stagnation 4. Secular Demand Stagnation in the 21st Century U.S. Economy¿. 5. Demand-led growth and accommodating supply 6. Demand Drives Growth all the Way 7. The 'Natural' Interest Rate and Secular Stagnation: Loanable Funds Macro Models Don't Fit Today's Institutions or Data 8. The New Normal: Demand, Secular Stagnation and the Vanishing Middle-Class 9. The Deep Causes of Secular Stagnation and the Rise of Populism¿.  10. A Comment on Servaas Storm's "The New Normal 11. The Secular Stagnation Hypothesis in the Theories of Growth: A Maze of Theoretical Inconsistencies 12. From Long-Term Growth to Secular Stagnation. A Theoretical Comparison Between Regulation Theory, Marxist Approaches and Present Mainstream Interpretations 13. Secular Stagnation: The History of a Macroeconomic Heresy¿