Using critical slowing down indicators to understand economic growth rate variability and secular stagnation
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DOI: 10.1038/s41598-020-66996-6
Abstract: This paper utilizes Critical Slowing Down (CSD; instability) indicators developed by statistical physics to analyse economic growth rate variability and secular stagnation in historical GDP data. Understanding these phenomena is vital, particularly in advanced economies… read more here.
Keywords: economic growth; critical slowing; secular stagnation; variability ... See more keywords
Macroeconomics in the Age of Secular Stagnation
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DOI: 10.3917/reof.157.0069
Abstract: The ?Great Recession? that began in 2008 plunged the economy into long-lasting stagnation with high unemployment, depressed output and very low inflation. This crisis, whose exceptional duration is difficult to explain using the theoretical tools… read more here.
Keywords: stagnation; macroeconomics; secular stagnation; market ... See more keywords