Handbook of Economic Stagnation takes a broad view, including contributions from orthodox and heterodox economists who examine situations in countries and worldwide regions, including Japan and the Euro area. To be sure, stagnation is periodically relieved by short economic bursts usually brought on by unsustainable asset price bubbles. Once the bubbles burst, stagnation returns. This book's fresh, comprehensive approach to the topic makes it the premier source for anyone affected by these cycles.
- Synthesizes and organizes diverse perspectives about crisis economics and future economic growth
- Emphasizes the relationships among stagnation, international economics, and the global distribution of labor
- Includes Japan and the Euro zone as well as other countries and regions worldwide
Sprache
Verlagsort
Verlagsgruppe
Elsevier Science & Techn.
Dateigröße
ISBN-13
978-0-12-816270-5 (9780128162705)
Schweitzer Klassifikation
Part I: The Problem1. Secular Stagnation: As Good as It Gets?2. The US economy since the crisis: Slow recovery and secular stagnation3. Understanding Secular Stagnation4. Secular Demand Stagnation in the 21st Century U.S. Economy. 5. Demand-led growth and accommodating supply6. Demand Drives Growth all the Way7. The 'Natural' Interest Rate and Secular Stagnation: Loanable Funds Macro Models Don't Fit Today's Institutions or Data8. The New Normal: Demand, Secular Stagnation and the Vanishing Middle-Class9. The Deep Causes of Secular Stagnation and the Rise of Populism. 10. A Comment on Servaas Storm's "The New Normal11. The Secular Stagnation Hypothesis in the Theories of Growth: A Maze of Theoretical Inconsistencies12. From Long-Term Growth to Secular Stagnation. A Theoretical Comparison Between Regulation Theory, Marxist Approaches and Present Mainstream Interpretations13. Secular Stagnation: The History of a Macroeconomic Heresy
Part II: Causes and ConsequencesRole of Economic Policy14. Secular Stagnation or Stagnation Policy? Steindl after Summers15. There is no secular stagnation - just irresponsible fiscal policy16. The labor injunction and peonage - how changes in labor laws increased inequality during the Gilded Age17. What the Federal Reserve Got Totally Wrong About Inflation?Inequality18. Income Shares, Secular Stagnation, and the Long-Run Distribution of Wealth. 19. Varieties of Capitalism and Growth Regimes: The Role of Income Distribution20. Trends in US income inequality21. Where Do Profits and Jobs Come From? Employment and Distribution in the US Economy22. Secular stagnation and concentration of corporate powerDebt and Finance23. Private Debt and Public Debility24. Secular stagnation in the framework of rentier-financier capitalism and globalization25. The drivers of household indebtedness re-considered: An empirical evaluation of competing arguments on the macroeconomic determinants of household indebtedness in OECD countries26. The Economics of Instability: An Abstract of an ExcerptSupply Side Myth, Automation, and Future of Jobs27. Age of Oversupply28. Automation and the Future of Work
Part III: Macroeconomic Policy in Secular Stagnation 29. Can Trump Overcome Secular Stagnation?30. Secular Stagnation and Progressive Economic Policy Alternatives31. The Euro Area's Secular Stagnation and What Can Be Done About It. A Post-Keynesian Perspective32. Core-Periphery Divergence and Secular Stagnation in the Eurozone: Macroeconomic Evidence and Policy Proposals Beyond Unconventional Monetary Policy33. We Can Have a High-Wage America34. Explaining, Restoring Low Productivity Growth in the UK35. Public Sector Jobs as solution to Secular Stagnation36. Green New Deal and Sustainable Economic Growth37. Restructuring student debt
