Economic Prospects : Secular Stagnation , Hysteresis , and the Zero Lower Bound
Economic Prospects : Secular Stagnation , Hysteresis , and the Zero Lower Bound
复制标题
DOI：
--
复制
发表时间：
2014
期刊：
影响因子：
--
通讯作者：
L. Summers
中科院分区：
文献类型：
--
作者：
L. Summers
宏观经济学的性质在过去七年中发生了巨大的变化。现在，人们不再关注为稳定某一趋势而进行的微小调整，而是关注避免长期停滞。这种担忧在很大程度上源于短期发展的长期影响，以及当利率已经达到其下限时，货币政策无法实现更多目标。本演讲分析了当代宏观经济问题，并提出了解决方案，使美国经济回到健康增长的道路上。商业经济学（2014）49，65-73。doi：10.1057/be.2014.13
The nature of macroeconomics has changed dramatically in the last seven years. Now, instead of being concerned with minor adjustments to stabilize about a given trend, concern is focused on avoiding secular stagnation. Much of this concern arises from the longrun effects of short-run developments and the inability of monetary policy to accomplish much more when interest rates have already reached their lower bound. This address analyzes contemporary macroeconomic problems and proposes solutions to put the U.S. economy back on a path toward healthy growth. Business Economics (2014) 49, 65–73. doi:10.1057/be.2014.13