Stagnation and the Natural Rate of Interest: Tracing the Roots of Lawrence Summers's Theory of Secular Stagnation
RE Backhouse, M Boianovsky - Review of Political Economy, 2024 - Taylor & Francis
Over the past decade, Lawrence Summers has argued that stagnation cannot be rectified by
monetary policy because it is the result of a negative natural rate of interest. This analysis …
monetary policy because it is the result of a negative natural rate of interest. This analysis …
[PDF][PDF] Investments as Business Cycle Trigger-Testing Hicks-Model hypotheses with Demand and Interest Rate Changes: Evidence from Two Behavioral Experiments
CA Conrad - International Journal of Economics and Finance, 2024 - researchgate.net
The central Hicks hypotheses were tested using a behavioral science and the model with
capacity effects and price changes. In a further step, the model was expanded to include …
capacity effects and price changes. In a further step, the model was expanded to include …