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See also C. Teulings and R. Baldwin, eds., Secular Stagnation: Facts, Causes, and Cures, VoxEU.org eBook, London, CEPR Press, 2014; and P. Pagano and M. Sbracia, “The Secular Stagnation Hypothesis: A Review of the Debate and Some Insights”, Banca d’Italia, Questioni di Economia e Finanza (Occasional Papers), 231, 2014. 13  L. Buttiglione, P. Lane, L. Reichlin and V. Reinhart, Deleveraging, What Deleveraging?