The Great Economic Slowdown: How Narrowed Technical Progress Brought Static Wages, Sky-High Wealth, and Much Discontent
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| Main Authors: | , , |
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| Format: | Book |
| Language: | English |
| Published: |
Cham
Palgrave Macmillan
[2023]
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| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Physical Description: | xxxi, 140 Seiten |
| ISBN: | 9783031314438 9783031314407 |
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Contents 1 Innovation References 2 The Slowdown and Real Interest Rates 2.1 One-Sector Neoclassical Model 2.2 Productivity Growth Shock 2.3 Decline in Population Growth 2.4 Helicopter Drop ofPublic Debt 2.5 The Stock of Housing . 2.6 Endogenous Labor Force Participation References 3 The Slowdown and Asset Prices 3.1 A Two-Sector Austrian Model Basic Setup Dynamics Labor-Leisure Choice Substitution between Labor and Capital 3.2 Conclusions References 4 The Slowdown and the Share of Profits 4.1 4.2 Basic Setup Decline ofProductivity Growth 1 9 11 11 15 17 18 20 22 29 31 31 31 37 40 44 48 48 49 50 55 ix
X CONTENTS 4.3 A Helicopter Drop ofPublic Debt 4.4 Transitional Dynamics 4.5 Conclusions Appendix References 60 63 65 66 67 The Slowdown in the Data 5.1 Patterns in the Data 5.2 Real Interest Rates 5.3 Augmented Taylor Rule Equation 5.4 Effect on Other Variables 5.5 Share Prices and Markups 5.6 Job Satisfaction 5.7 Summary References 69 70 76 80 87 89 91 93 94 Losing Ground 6.1 One-Country Model with a Public Sector Population and Technology Consumption Production Equilibrium Government 6.2 Two-Country Model With a Public Sector 6.3 The Growth of China 6.4 The Growth of Others 6.5 Concluding Thoughts References 97 98 99 99 100 100 101 101 106 109 113 113 The Pandemic and its Aftermath 7.1 Higher Public Debt 7.2 Working From Home References 115 115 118 121 Growth to the Rescue References 123 125
CONTENTS 9 Economic Policies The Current Morass The Many Pitfalls of the Two Mainstream Policies The Keynesian Influence The Neoclassical Influence The Source of Satisfaction 9.3 Policies to Spur Innovation References 127 128 129 129 131 131 132 133 Summary and Outstanding Issues 135 9.1 9.2 10 XI Index 137 |
| adam_txt |
Contents 1 Innovation References 2 The Slowdown and Real Interest Rates 2.1 One-Sector Neoclassical Model 2.2 Productivity Growth Shock 2.3 Decline in Population Growth 2.4 Helicopter Drop ofPublic Debt 2.5 The Stock of Housing . 2.6 Endogenous Labor Force Participation References 3 The Slowdown and Asset Prices 3.1 A Two-Sector Austrian Model Basic Setup Dynamics Labor-Leisure Choice Substitution between Labor and Capital 3.2 Conclusions References 4 The Slowdown and the Share of Profits 4.1 4.2 Basic Setup Decline ofProductivity Growth 1 9 11 11 15 17 18 20 22 29 31 31 31 37 40 44 48 48 49 50 55 ix
X CONTENTS 4.3 A Helicopter Drop ofPublic Debt 4.4 Transitional Dynamics 4.5 Conclusions Appendix References 60 63 65 66 67 The Slowdown in the Data 5.1 Patterns in the Data 5.2 Real Interest Rates 5.3 Augmented Taylor Rule Equation 5.4 Effect on Other Variables 5.5 Share Prices and Markups 5.6 Job Satisfaction 5.7 Summary References 69 70 76 80 87 89 91 93 94 Losing Ground 6.1 One-Country Model with a Public Sector Population and Technology Consumption Production Equilibrium Government 6.2 Two-Country Model With a Public Sector 6.3 The Growth of China 6.4 The Growth of Others 6.5 Concluding Thoughts References 97 98 99 99 100 100 101 101 106 109 113 113 The Pandemic and its Aftermath 7.1 Higher Public Debt 7.2 Working From Home References 115 115 118 121 Growth to the Rescue References 123 125
CONTENTS 9 Economic Policies The Current Morass The Many Pitfalls of the Two Mainstream Policies The Keynesian Influence The Neoclassical Influence The Source of Satisfaction 9.3 Policies to Spur Innovation References 127 128 129 129 131 131 132 133 Summary and Outstanding Issues 135 9.1 9.2 10 XI Index 137 |
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| spelling | Phelps, Edmund S. 1933- Verfasser (DE-588)124719414 aut The Great Economic Slowdown How Narrowed Technical Progress Brought Static Wages, Sky-High Wealth, and Much Discontent Edmund Phelps, Hian Teck Hoon, Gylfi Zoega Cham Palgrave Macmillan [2023] xxxi, 140 Seiten txt rdacontent n rdamedia nc rdacarrier International Economics Political Economy and Economic Systems Economic Aspects of Globalization International economic relations Economics International economic integration Globalization Hoon, Hian Teck 1959- Verfasser (DE-588)170250539 aut Gylfi Zoega 1963- Verfasser (DE-588)128479159 aut Erscheint auch als Online-Ausgabe 978-3-031-31441-4 Digitalisierung UB Regensburg - ADAM Catalogue Enrichment application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=034632509&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Phelps, Edmund S. 1933- Hoon, Hian Teck 1959- Gylfi Zoega 1963- The Great Economic Slowdown How Narrowed Technical Progress Brought Static Wages, Sky-High Wealth, and Much Discontent International Economics Political Economy and Economic Systems Economic Aspects of Globalization International economic relations Economics International economic integration Globalization |
| title | The Great Economic Slowdown How Narrowed Technical Progress Brought Static Wages, Sky-High Wealth, and Much Discontent |
| title_auth | The Great Economic Slowdown How Narrowed Technical Progress Brought Static Wages, Sky-High Wealth, and Much Discontent |
| title_exact_search | The Great Economic Slowdown How Narrowed Technical Progress Brought Static Wages, Sky-High Wealth, and Much Discontent |
| title_exact_search_txtP | The Great Economic Slowdown How Narrowed Technical Progress Brought Static Wages, Sky-High Wealth, and Much Discontent |
| title_full | The Great Economic Slowdown How Narrowed Technical Progress Brought Static Wages, Sky-High Wealth, and Much Discontent Edmund Phelps, Hian Teck Hoon, Gylfi Zoega |
| title_fullStr | The Great Economic Slowdown How Narrowed Technical Progress Brought Static Wages, Sky-High Wealth, and Much Discontent Edmund Phelps, Hian Teck Hoon, Gylfi Zoega |
| title_full_unstemmed | The Great Economic Slowdown How Narrowed Technical Progress Brought Static Wages, Sky-High Wealth, and Much Discontent Edmund Phelps, Hian Teck Hoon, Gylfi Zoega |
| title_short | The Great Economic Slowdown |
| title_sort | the great economic slowdown how narrowed technical progress brought static wages sky high wealth and much discontent |
| title_sub | How Narrowed Technical Progress Brought Static Wages, Sky-High Wealth, and Much Discontent |
| topic | International Economics Political Economy and Economic Systems Economic Aspects of Globalization International economic relations Economics International economic integration Globalization |
| topic_facet | International Economics Political Economy and Economic Systems Economic Aspects of Globalization International economic relations Economics International economic integration Globalization |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=034632509&sequence=000001&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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