Summary, Economic Policy Outlook, and Conclusion

Christina Anselmann ()
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Christina Anselmann: University of Hohenheim

Chapter Chapter 10 in Secular Stagnation Theories, 2020, pp 253-277 from Springer

Abstract: Abstract This final chapter provides a short résumé, arguing to not ignore questions of income distribution when discussing measures to spur economic growth. The chapter also presents various empirically oriented policy implications aimed at fostering both economic growth and a more equal distribution of income. It is referred to wage policy and the importance of trade unions, competition and innovation policy, public investment in infrastructure and human capital, as well as tax and transfer policy. While adequate policies can foster inclusive growth, it is doubtful whether appropriate policy actions will be taken in the years ahead. Among the impediments to fiscal intervention are the high and partly rising public debt-to-GDP ratios in numerous advanced countries, often pointed at to advocate public spending cuts.

Date: 2020
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DOI: 10.1007/978-3-030-41087-2_10

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