Introduction 1
Richard Baldwin and Coen Teulings
Opening the debate
1 Reflections on the ‘New Secular Stagnation
Hypothesis’ 27
Laurence H Summers
Three issues: Potential growth, effective
demand, and sclerosis
2 Secular stagnation: A review of the issues 41
Barry Eichengreen
3 The turtle’s progress: Secular stagnation meets the
headwinds 47
Robert J Gordon
4 Four observations on secular stagnation 61
Paul Krugman
5 Secular joblessness 69
Edward L Glaeser