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Summary and Outstanding Issues

In: The Great Economic Slowdown

Author

Listed:
  • Edmund Phelps

    (Columbia University)

  • Hian Teck Hoon

    (Singapore Management University)

  • Gylfi Zoega

    (University of Iceland)

Abstract

In this book we have described how the slowdown of productivity growth, starting in the early 1980s, has contributed to a falling equilibrium real rate of interest, a booming stock market, slowing wage growth and a rising share of profits in national income.

Suggested Citation

  • Edmund Phelps & Hian Teck Hoon & Gylfi Zoega, 2023. "Summary and Outstanding Issues," Springer Books, in: The Great Economic Slowdown, chapter 10, pages 135-136, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-31441-4_10
    DOI: 10.1007/978-3-031-31441-4_10
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