Stagnation
in sentence
690 examples of Stagnation in a sentence
In fact, Prime Minister Shinzo Abe’s economy strategy – so-called “Abenomics” – has enabled Japan to stay on a reasonably positive path in highly uncertain times, with the economy showing signs of steady recovery from its decades of
stagnation.
This approach appears to work until domestic aggregate demand can no longer sustain growth and employment, at which point it ends in either gradual
stagnation
or a violent financial and economic crisis.
An inability to resolve the distributional and fairness problem can produce gridlock, paralysis, and prolonged
stagnation.
After spending the decade since the financial crisis obsessing about secular
stagnation
and falling prices, investors and Federal Reserve officials will require many months or even years of consistent and incontrovertible evidence of inflation and higher growth to be convinced that deflationary conditions have genuinely reversed.
Summers reinvigorated the work of Alvin Hansen, who introduced the concept of secular
stagnation
in the 1930s.
And in his written work on this topic, he has seamlessly shifted between a definition of secular
stagnation
that involves permanently lower growth rates as a result of low investment and permanently lower employment as a result of deficient aggregate demand.
And I have provided an internally coherent theory whereby secular
stagnation
arises naturally as a consequence of low expectations on the part of households and firms about the future value of their assets.
The current manifestation of that approach is so-called New Keynesian Economics, which Summers himself has rightly rejected because it is inconsistent with secular
stagnation.
But it is not enough to assert that secular
stagnation
is possible.
It is time to confront alternative theories of secular
stagnation
with empirical evidence, as I have done.
Globalization explains some of the bottom-quarter income
stagnation
in the US and other developed economies.
On the other side, Europe and the United States face
stagnation
– indeed, a Japanese-style malaise – and stubbornly high unemployment.
In this case, the condition is slow economic growth, also known as secular stagnation, caused by depressed investment, which in turn reflects financial problems and policy uncertainty.
The longer the US obsesses over its own political dysfunction and attendant economic stagnation, the less likely it is to bear the mantle of global responsibility and leadership.
Nonetheless, with Japan’s economy just beginning to recover from more than 15 years of stagnation, such a steep consumption-tax hike is not advisable.
Just a year ago, former Prime Minister Yoshihiko Noda attempted, despite a deep recession, to raise the consumption tax without monetary easing – a strategy that could have brought only continued economic
stagnation.
Exchange Rate Regimes and East AsiaSAN FRANCISCO - Three elements combined to produce financial crisis in East Asian economies:
stagnation
in Japan, the pegging of exchange rates to the U.S. dollar by national central banks, and the existence and policies of the IMF.
The inevitable result was severe recession and
stagnation.
Its
stagnation
was offset until early 1997 by strong inflows of capital from around the world.
But for Westerners whose primary source of income is the sale of their unskilled labor to the marketplace, the era of globalization has coincided with decades of wage
stagnation.
Thus, demoralization of Balkan society creates a dynamic of its own when the best and the brightest see their future outside of their own countries and where “stability” is just another name for political and economic
stagnation.
As a result, labor was taxed to
stagnation
-- hard work and education just didn't pay off.
Attempts to shift too much wealth from productive to non-productive sectors led to
stagnation
in both countries, with growing budget deficits, debt, and heavy unemployment.
In the case of Uruguay, it took 40 years to go from
stagnation
back to growth.
If Swedish politicians have not learned from history, Sweden's people can look forward to another 20 years of
stagnation.
Ideological and political prejudices deeply rooted in history will have to be overcome to end the current
stagnation.
That mistake was made by the Japanese, who tried, unsuccessfully, to muddle through, only to end up with 18 years of
stagnation.
In today’s crisis, muddling through would be a recipe for a continuation of the crisis and secular
stagnation
of the type once described by Alvin Hansen, a contemporary of Keynes.
I used to think that the US current account deficit would stop when the rest of the world "balanced up"--when Japan recovered from its decade-long stagnation, and when Western Europe restructured its economy, boosting aggregate demand and reducing its unemployment rate to some reasonable level.
Yellen brings to bear an understanding not just of financial markets and monetary policy, but also of labor markets – which is essential in an era when unemployment and wage
stagnation
are primary concerns.
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