…discussion about the longstanding poverty problem in southern Italy, long labeled “the Mezzogiorno problem.” Mezzogiorno literally means midday or noon, but has long been applied to southern Italy because it…

…back in October 2009, they have risen by about 26%: Basically, the improvement in the employment rate, plus the growth in average hours worked, is making up for the stagnation…

Economic Policy Institute answers two laymen questions on wage stagnation: Why is wage growth so slow? It’s not because low-wage jobs are being added disproportionately: One explanation worth looking into…

…getting vaccinated. I note that last year Italy finally began to see some economic growth after a long time of just pure stagnation, although at about 1% per year not…

…Anyone who expects productivity growth in such an environment is probably going to be gulled into believing there is a Great Stagnation, and not the Return of the Robber Barons….

…will be weaker than 2017, as the housing market stagnation of Q2 and Q3 2017 feeds through into the coincident indicators. On the other hand, the clear majority of long…

…will continue to prevail. Lukasz Rachel and Larry Summers of Harvard have also looked at falling real rates in the advanced economies, which they attribute to secular stagnation. They point…

…he attributes to secular stagnation. He believes that the low rates have created a disinflationary debt overhang, and calls for the use of fiscal policy to supplement private demand. Similarly,…

…early 2000s were just the opposite, when investors feared we were in a new era of permanent stagnation and very weak earnings growth. So the PE was very far below…

…or decrease in the underlying inflation rate that is not seen as short-term the improvement, stagnation, or decline of the “hiring” component of the jobs market (as opposed to the…