2021, Volume 74 - Issue 2
RSS feed citation: At RePEc
Publication date: 24 May 2021
ECONOMIC RESTRUCTURING AND SOCIALIST CONSTRUCTION IN CHINA: 1950-1978Read the article
SOVEREIGN DEBT AND ECONOMIC GROWTH NEXUS IN ZIMBABWE: A DYNAMIC MULTIVARIATE CAUSALITY TESTRead the article
A PANEL SVAR ANALYSIS OF THE LONG-RUN ECONOMIC IMPACTS OF MIGRATIONRead the article
Nicola ACOCELLA, University La Sapienza, Department of Public Economics, Rome, Italy
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.
E3, E52, F02, L13, O40
Financial Cycle, Secular Stagnation, Inequality, Great Recession, Oligopolistic Power, Globalisation
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