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Summary, Economic Policy Outlook, and Conclusion

In: Secular Stagnation Theories

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  • Christina Anselmann

    (University of Hohenheim)

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.

Suggested Citation

  • Christina Anselmann, 2020. "Summary, Economic Policy Outlook, and Conclusion," Springer Studies in the History of Economic Thought, in: Secular Stagnation Theories, chapter 0, pages 253-277, Springer.
    • Handle: RePEc:spr:spshcp:978-3-030-41087-2_10
    DOI: 10.1007/978-3-030-41087-2_10
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