# Prof. Kim Schoenholtz's blog post on secular stagnation is cited

1 Faculty News March 27, 2015 ![Financial Times logo](/sites/default/files/styles/246w/public/assets/images/uat_025699.jpg?itok=5SpaxEbn)>

Excerpt from [Financial Times](http://www.ft.com/intl/cms/s/0/c073d2d8-d3a2-11e4-a9d3-00144feab7de.html?siteedition=intl#axzz3Vs0ixO8a) -- "Stephen Cecchetti and [Kermit Schoenholtz](http://www.stern.nyu.edu/faculty/bio/kim-schoenholtz) have a more conventional but also more exhaustive and detailed guide to secular stagnation. It includes a couple of more possible causes: most interesting are demographics (which is slowing the growth of the labour force) and high debt (which may reduce demand). They also very usefully sort them into supply-side and demand-side mechanisms."

[Read more](http://www.ft.com/intl/cms/s/0/c073d2d8-d3a2-11e4-a9d3-00144feab7de.html?siteedition=intl#axzz3Vs0ixO8a)