Secular Stagnation – a prolonged period in which satisfactory growth can only be achieved by unsustainable financial conditions –may be the defining macro-economic challenge of our times. The concept of “Secular Stagnation” originally formulated by the eminent Depression-era economist Alvin Hansen, has experienced a revival since my November 2013 speech on the topic. - Larry SummersLarry Summers

Charles W. Eliot University Professor and President Emeritus at Harvard University

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Secular Stagnation – a prolonged period in which satisfactory growth can only be achieved by unsustainable financial conditions –may be the defining macro-economic challenge of our times. The concept of “Secular Stagnation” originally formulated by the eminent Depression-era economist Alvin Hansen, has experienced a revival since my November 2013 speech on the topic.

June 7th, 2017