Is Secular Stagnation the future of the Eurozone?

Wednesday 25th March 2015, 16:00 - 17:30
(followed by a drinks reception)

Download paper: Is Secular Stagnation the future of the Eurozone? 

Greater Birmingham and West Midlands Brussels Office
Avenue d'Auderghem 22-28
Oudergemselaan 22-28
1040 Brussels (6th Floor)

On Wednesday 25 March at 16:00 – 17:30 the Centre on Competitive Advantage in the Global Economy (CAGE), held a policy debate on ‘Is Secular Stagnation the future of the Eurozone?’. The event was followed by a networking cocktail reception and hosted in the Greater Birmingham and West Midlands Brussels Office.

Discussion Background: A future of ‘secular stagnation’ where economic growth is always painfully slow is widely perceived to be a plausible nightmare scenario for Europe. If this is the case, it will be a result of bad policy not a lack of technological progress. Economic history tells us how to prevent secular stagnation but these lessons are not being heeded or perhaps cannot be applied in Europe today. The likely impact of current European policy initiatives is ‘too little, too late’.

Lecture Structure: Professor Nicholas Crafts is among the world’s leading specialists in this field. Professor Crafts will talk about how there are two distinct (but related) concepts of ‘secular stagnation’ and their potential impact on Europe’s economy. One concerns the possible long-run trend growth failure and the other a permanent liquidity trap.

Policy Debate: The keynote speeches will be followed by a lively debate and will include senior figures from the European Commission, the European Parliament and the European Investment Bank.

For more information about this event please contact Tracy Evans: t.a.evans@warwick.ac.uk