Work detail

About secular stagnation

Author: Mgr. Tomáš Král
Year: 2016 - summer
Leaders: PhDr. Jaromír Baxa Ph.D.
Consultants:
Work type: Economic Theory
Masters
Language: Czech
Pages: 66
Awards and prizes:
Link: https://is.cuni.cz/webapps/zzp/detail/126408/
Abstract: The main focus of this work is theory of secular stagnation. The first part deals with the
formulation of theory of secular stagnation, more concretely with a summary of the main
ideas of its representatives. This theory implies a decline in the trend component of economic
growth rate. I used state space model to test the hypothesis, if there is statistically significant
decline in the trend component of economic growth rate. I found statistically significant
decline in the trend component of economic growth rate for USA, Japan, UK, France and
Canada. These findings are consistent with the theory of secular stagnation.
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