How secular stagnation came to Smurf village | Curio

How secular stagnation came to Smurf village

18 mins | May 28, 2017

Secular stagnation was the term used by Larry Summers in 2013 to explain the refusal of the post-2008 recession era economies to respond to the various stimuli attempted to be provided by central banks. But “Secular stagnation” is a misunderstood term, writes Dan Davies in The Long & Short. He imagines how secular stagnation may come to a Smurf village to help us with a better understanding of the term.

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From The Long and Short