Escaping stagnation

Chris Dillow

Chris Dillow
Escaping stagnation

Whilst Chancellor George Osborne is likely to use next week’s Autumn Statement to rejoice in the UK’s economic recovery, economists are still worrying about low trend growth. Larry Summer’s recent speech about “secular stagnation” got lots of attention, but in truth it was just echoing old ideas such as Tyler Cowen’s “great stagnation”, Ben Bernanke’s “investment dearth” and Robert Gordon’s “end of growth.”

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