stagnation. The reason is that automation suppresses wages, which are the only source of investment in the overlapping …

This paper formalizes and quantifies the secular stagnation hypothesis, defined as a persistently low or negative …

I present a model of secular stagnation with land and infinitely-lived agents with wealth preferences. Land is the … unless the central bank follows a deflationary policy. In contrast, secular stagnation emerges as the unique equilibrium of … effective in restoring full employment as stagnation is a real phenomenon. These conclusions hold if households require a risk …

decreasing in the next decades, a secular stagnation. As physical capital will be relatively abundant, this decrease of output …