Economic Stagnation Period
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An Economic Stagnation Period is an time period with no economic growth.
- Context:
- It can range from being a High Inflation Stagnation Period to being a Low Inflation Stagnation Period.
- …
- Counter-Example(s):
- a Recession, such as an economic depression.
- an Economic Growth Period.
- See: GDP, Macroeconomics, Demographic, Great Depression.
References
2014
- (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/Economic_stagnation Retrieved:2014-4-29.
- Economic stagnation or economic immobilism, often called simply stagnation or immobilism, is a prolonged period of slow economic growth (traditionally measured in terms of the GDP growth), usually accompanied by high unemployment. Under some definitions, "slow" means significantly slower than potential growth as estimated by experts in macroeconomics. Under other definitions, growth less than 2-3% per year is a sign of stagnation. The term bears negative connotations, but slow economic growth is not always the fault of economic policymakers. For example, potential growth may be slowed down by catastrophic or demographic reasons.
Economic stagnation theories originated during the Great Depression and came to be associated with early Keynesian economics and Harvard University economics professor Alvin Hansen.
- Economic stagnation or economic immobilism, often called simply stagnation or immobilism, is a prolonged period of slow economic growth (traditionally measured in terms of the GDP growth), usually accompanied by high unemployment. Under some definitions, "slow" means significantly slower than potential growth as estimated by experts in macroeconomics. Under other definitions, growth less than 2-3% per year is a sign of stagnation. The term bears negative connotations, but slow economic growth is not always the fault of economic policymakers. For example, potential growth may be slowed down by catastrophic or demographic reasons.