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Handbook of Economic Stagnation
Presents a systematic discussion of declining global growth rates and the likelihood that they will become "the new normal"
Randall Wray (Edited by), Flavia Dantas (Edited by)
9780128158982, Elsevier Science
Paperback, published 27 April 2022
430 pages
23.5 x 19 x 2.7 cm, 0.66 kg
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.
Part I: The Problem 1. Secular Stagnation: As Good as It Gets? 2. The US economy since the crisis: Slow recovery and secular stagnation 3. Understanding Secular Stagnation 4. Secular Demand Stagnation in the 21st Century U.S. Economy?. 5. Demand-led growth and accommodating supply 6. Demand Drives Growth all the Way 7. The ‘Natural’ Interest Rate and Secular Stagnation: Loanable Funds Macro Models Don't Fit Today’s Institutions or Data 8. The New Normal: Demand, Secular Stagnation and the Vanishing Middle-Class 9. The Deep Causes of Secular Stagnation and the Rise of Populism?. 10. A Comment on Servaas Storm’s “The New Normal 11. The Secular Stagnation Hypothesis in the Theories of Growth: A Maze of Theoretical Inconsistencies 12. From Long-Term Growth to Secular Stagnation. A Theoretical Comparison Between Regulation Theory, Marxist Approaches and Present Mainstream Interpretations 13. Secular Stagnation: The History of a Macroeconomic Heresy? Part II: Causes and Consequences Role of Economic Policy 14. Secular Stagnation or Stagnation Policy? Steindl after Summers 15. There is no secular stagnation - just irresponsible fiscal policy 16. The labor injunction and peonage - how changes in labor laws increased inequality during the Gilded Age 17. What the Federal Reserve Got Totally Wrong About Inflation? Inequality 18. Income Shares, Secular Stagnation, and the Long-Run Distribution of Wealth?. 19. Varieties of Capitalism and Growth Regimes: The Role of Income Distribution? 20. Trends in US income inequality 21. Where Do Profits and Jobs Come From? Employment and Distribution in the US Economy 22. Secular stagnation and concentration of corporate power Debt and Finance 23. Private Debt and Public Debility 24. Secular stagnation in the framework of rentier-financier capitalism and globalization? 25. The drivers of household indebtedness re-considered: An empirical evaluation of competing arguments on the macroeconomic determinants of household indebtedness in OECD countries 26. The Economics of Instability: An Abstract of an Excerpt Supply Side Myth, Automation, and Future of Jobs 27. Age of Oversupply 28. 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 Alternatives 31. The Euro Area's Secular Stagnation and What Can Be Done About It. A Post-Keynesian Perspective 32. Core-Periphery Divergence and Secular Stagnation in the Eurozone: Macroeconomic Evidence and Policy Proposals Beyond Unconventional Monetary Policy 33. We Can Have a High-Wage America 34. Explaining, Restoring Low Productivity Growth in the UK 35. Public Sector Jobs as solution to Secular Stagnation 36. Green New Deal and Sustainable Economic Growth 37. Restructuring student debt
Subject Areas: Public finance [KFFD], Economic systems & structures [KCS], Economic growth [KCG], Macroeconomics [KCB], Economic theory & philosophy [KCA]
