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Secular Stagnation, Growth, and Real Interest Rates

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References

  • Eggertsson, G. and N. Mehrotra, 2014, “A Model of Secular Stagnation,” NBER Working Paper 20574, October.

  • Laubach, T. and J. Williams, 2015, “Measuring the Natural Rate of Interest,” Review of Economics and Statistics, Vol. 85, No. 4, pp. 1063–70.

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  • Laubach, T. and J. Williams, 2016, “Measuring the Natural Rate of Interest Redux” (Washington, DC, Federal Reserve Board).

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  • Summers, L. 2015, “Have We Entered an Age of Secular Stagnation?” IMF Economic Review, Vol. 63, No. 1, pp. 277–80

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Authors and Affiliations

  1. University of California, Berkeley, Berkeley, CA, USA

    Pierre-Olivier Gourinchas

  2. London Business School, London, UK

    Richard Portes

  3. International Monetary Fund, Washington, DC, USA

    Pau Rabanal

Authors
  1. Pierre-Olivier Gourinchas
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  2. Richard Portes
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  3. Pau Rabanal
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Corresponding author

Correspondence to Pierre-Olivier Gourinchas.

Additional information

* Pierre-Olivier Gourinchas is the Editor-in-chief of the IMF Economic Review and a Professor of Economics at UC Berkeley. Richard Portes is Professor of Economics at the London Business School, holder of the Tommaso Padoa-Schioppa chair at the European University Institute and Founder and Honorary President of the CEPR. Pau Rabanal is the Co-Editor of the Review and Senior Economist in the Research Department of the IMF. The organizers would like to thank the European University Institute for its support and hospitality. The views expressed in this issue are those of the authors and do not necessarily represent those of the IMF or IMF policy.

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Gourinchas, PO., Portes, R. & Rabanal, P. Secular Stagnation, Growth, and Real Interest Rates. IMF Econ Rev 64, 575–580 (2016). https://doi.org/10.1057/s41308-016-0022-0

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  • DOI: https://doi.org/10.1057/s41308-016-0022-0

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