Stagnation

Nicola Acocella ()

Economia Internazionale / International Economics, 2021, vol. 74, issue 2, 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. La stagnazione Il recente periodo di bassa crescita del reddito può essere spiegato come il prodotto o della riduzione del debito accumulato negli anni della crisi (ciclo finanziario) o della stagnazione secolare, derivante da tendenze di lungo periodo, dalla Grande Recessione, da diseguaglianze crescenti, da fattori istituzionali e dalla globalizzazione. Questa situazione richiede numerose politiche, che includono misure monetarie espansive, innalzamento dell’età di pensionamento e limitazione del potere oligopolistico delle grandi imprese.

Keywords: Financial Cycle; Secular Stagnation; Inequality; Great Recession; Oligopolistic Power; Globalisation (search for similar items in EconPapers)
JEL-codes: E30 E52 F02 L13 O40 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations:

Downloads: (external link)
http://www.iei1946.it/upload/rivista_articoli/alle ... gnationricfinalx.pdf Full text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ris:ecoint:0892

Access Statistics for this article

Economia Internazionale / International Economics is currently edited by Giovanni Battista Pittaluga

More articles in Economia Internazionale / International Economics from Camera di Commercio Industria Artigianato Agricoltura di Genova Via Garibaldi 4, 16124 Genova, Italy. Contact information at EDIRC.
Bibliographic data for series maintained by Angela Procopio ().