Joseph Schumpeter https://blogs.worldbank.org/growth/taxonomy/term/9424/all en Secular Stagnation: A Working Pair of Scissors Needs Two Blades https://blogs.worldbank.org/growth/secular-stagnation-working-pair-scissors-needs-two-blades <div class="field field-name-body field-type-text-with-summary field-label-hidden"><div class="field-items"><div class="field-item even"><img alt="" height="225" src="https://blogs.worldbank.org/growth/files/growth/Scissors.jpg" style="float:right" title="" width="300" />The role of asset bubbles as an unsustainable pillar of pre-2007 world economic growth has been widely recognized. Simultaneously, analysts worry that a secular stagnation, though momentarily offset by asset bubbles, may have been already at play in major advanced economies, leading to the ongoing <a href="https://www.economonitor.com/blog/2014/03/crisis-recovery-flying-on-a-single-engine/" rel="nofollow">sluggish and feeble recovery</a>.</div></div></div> Wed, 12 Mar 2014 14:18:00 +0000 Otaviano Canuto 8877 at https://blogs.worldbank.org/growth