Essay(2500 words)
Secular Stagnation
Why Might Equilibrium Real Rates Have Fallen?
Increased Savings
Changes in distribution of income and profits share
Reserve accumulation or capital flight
Increasing deleveraging and retirement preparation
Decreases in Investment Propensity
Declining growth rate of population and/or technology
Demassification of the economy
Fall in price of capital goods
Other factors
Increased global save asset demand