This paper discusses the neoclassically-inspired Secular Stagnation Theory. Its 'demand-
side'explanation is based on a long-run equilibrium position featuring a negative natural rate …

This paper discusses three explanations for Secular Stagnation: Summers's demand-side
Secular Stagnation Theory, Palley's Investment Saturation Hypothesis, and Gordon's supply …

The mainstream concept of Secular Stagnation provides a comprehensive theoretical
picture to explain sluggish economic growth and engenders a renewed role for fiscal policy …

We argue that even in the case that banks are able to maintain the interest rate at a level that
they want (the most" radical" version of the theory of endogenous money), liquidity …

The global financial crisis of 2007–08 and the subsequent Great Recession have pushed
many economists to acknowledge a fundamental limit in the theoretical models elaborated …

This paper analyzes the implications of distributional contrast for the monetary theory of
distribution. The first step is to try to introduce the banking sector within Pivetti's monetary …

In this paper, we build a simple model on the role of households' liquidity preference in the
determination of economic performance. We postulate, for the sake of the argument, a purely …

The negative natural rate of interest is since two decades eliciting theoretical and policy
debates. It re-emerged, after a relatively long time, in Krugman's Liquidity Trap model. Later …

In this paper a novel critique of the neoclassical Secular Stagnation theory is presented.
Focusing in particular on the 'demand side'explanation, it is in the first place argued for the …

En este artículo argumentamos que incluso en el caso de que los bancos puedan mantener
la tasa de interés al nivel que deseen (la versión más “radical” de la teoría de dinero …