Contents of the volume

2021, Volume 74 - Issue 2

ISSN: 2499-8265
RSS feed citation: At RePEc
Publication date: 24 May 2021

ECONOMIC RESTRUCTURING AND SOCIALIST CONSTRUCTION IN CHINA: 1950-1978

Abdol B. Soofi

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SOVEREIGN DEBT AND ECONOMIC GROWTH NEXUS IN ZIMBABWE: A DYNAMIC MULTIVARIATE CAUSALITY TEST

Talknice Saungweme, Nicholas M. Odhiambo

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A PANEL SVAR ANALYSIS OF THE LONG-RUN ECONOMIC IMPACTS OF MIGRATION

Romano PIRAS, Ivan Etzo, Carla Massidda, Paolo Mattana

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FREE FACTOR UNEMPLOYMENT

Paul Oslington

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EFFECTS OF MONETARY POLICY DECISIONS ON PROFESSIONAL FORECASTERS' EXPECTATIONS AND EXPECTATION UNCERTAINTY

Matti Viren, Sami Oinonen

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Genoa Chamber of Commerce
Economia Internazionale / International Economics

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Corresponding author

Nicola ACOCELLA, University La Sapienza, Department of Public Economics, Rome, Italy

Stagnation

Pages

121-140

Abstract

The recent period of low income growth can be explained as the outcome either of a reduction in the indebtedness accumulated over the years of the crisis (i.e. of a financial cycle) or of secular stagnation, deriving from long run tendencies, the Great Recession, growing inequalities, institutional factors and globalization. This kind of situation requires a number of policies, including expansionary monetary policies, raising retirement age and limiting the oligopolistic power of big firms.

 

 

JEL classification

E3, E52, F02, L13, O40

Keywords

Financial Cycle, Secular Stagnation, Inequality, Great Recession, Oligopolistic Power, Globalisation

Index

  1. Introduction
  2. Growth before and after the crisis in the European Union and abroad
  3. The general determinants of stagnation
  4. The impact of the Great Recession, growing inequalities, globalisation and institutions
  5. Policies that can help fight secular stagnation
  6. Conclusions

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