Stagnation: The Source of the Deadbeat Economy

VoxEU, the indispensable economic-policy website of the Center for Economic Policy Research, has outdone itself with a new ebook on secular stagnation. This is the most important conversation in applied macroeconomics -- but it's complicated and confusing, too. Editors Richard Baldwin and Coen Teulings and a team of eminent contributors have produced the first comprehensive and reasonably accessible survey of the issue. It's essential reading.