Which view is correct—that which attributes the likelihood of a weak economy in 2015 to the unfortunate concurrence of transitory problems in a number of the world's largest economies, or that which warns of secular stagnation due to the declining productive potential of innovation?
A “New Mediocre” for the Global Economy?
Barry Eichengreen is a professor of economics and political science at the University of California, Berkeley, a professor of American history and institutions at the University of Cambridge, and a Current History contributing editor. His latest book is Hall of Mirrors: The Great Depression, the Great Recession, and the Uses—and Misuses—of History (Oxford University Press, 2015).
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Barry Eichengreen; A “New Mediocre” for the Global Economy?. Current History 1 January 2015; 114 (768): 23–28. doi: https://doi.org/10.1525/curh.2015.114.768.23
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