Lawrence Summers: Secular Stagnation

Mark Whitehouse writes:  Governments and central banks may have to consider much more aggressive policies to improve the economy’s growth potential and resilience. As sketched out in a new e-book from the Central for Economic Policy Research and elsewhere, these could include investing more in infrastructure and education, raising inflation targets and placing limits on borrowing by requiring more equity in everything from homes to banks.  Lawrence Summers- Secular Stagnation

Stagnation

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