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From the 'new normal' to a 'secular stagnation'

New e-book looks at how sluggish growth might be taken as the norm
Wednesday, August 20, 2014 - 06:00

ARE the United States and Europe suffering from more than the aftermath of a major financial crisis? Might they be stuck in an unusual and prolonged equilibrium, in which frustratingly slow economic growth is the norm? These are the crucial questions addressed in a new e-book from the Center for