Secular Stagnation, Low Interest Rates and Low Inflation: Causes and Implications for Policy

Robert Kollmann (), Thomas Lubik and Werner Roeger

MPRA Paper from University Library of Munich, Germany

Abstract: Slow growth, low interest rates and low inflation have characterized the macroeconomic environment in the Euro Area and other advanced economies since the global financial crisis of 2008-09. In this economic landscape there are growing concerns that advanced economies will face continued stagnation. This has not abated in the wake of the COVID-19 pandemic as the underlying trends and driving factors are still in force. This special issue of the Journal of Economic Dynamics and Control consists of 8 papers that offer novel empirical and theoretical perspectives on slow growth, low interest rates and inflation rates, and discuss resulting challenges for macroeconomic policy. All papers were presented at a virtual conference organized by the Journal of Economic Dynamics and Control, the European Commission and the Centre for Economic Policy Research (CEPR) on 5-6 November 2020.

Keywords: Secular stagnation; Low interest rates; Low inflation; Monetary and Fiscal Policy (search for similar items in EconPapers)
JEL-codes: E3 E4 E5 E6 F3 (search for similar items in EconPapers)
Date: 2021-07-30
New Economics Papers: this item is included in nep-mac and nep-mon
References: Add references at CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://mpra.ub.uni-muenchen.de/108979/1/MPRA_paper_108979.pdf original version (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:108979

Access Statistics for this paper

More papers in MPRA Paper from University Library of Munich, Germany Ludwigstraße 33, D-80539 Munich, Germany. Contact information at EDIRC.
Bibliographic data for series maintained by Joachim Winter ().