Global Slowdown May Be Technological Shock, Says Posen

The video discusses the concept of secular stagnation, originally formulated by Alvin Hansen, and its relevance as a macroeconomic challenge today. It explores the debate between Lawrence Summers' demand-side perspective and the supply-side view of technological stagnation. The discussion highlights the nuances and criticisms of these theories, emphasizing the potential impact of technological shocks on economic growth.

What are the potential causes of the simultaneous slowdown across the Western world?

What implications does the debate on secular stagnation have for economic growth?