- Additional Authors
- Description
- 1 online resource.
- Subject
- Bibliography (note)
- Includes bibliographical references and index.
- Reproduction (note)
- Source of Description (note)
- Description based on online resource; title from digital title page (viewed on September 22, 2023).
- Contents
- Intro -- Preface -- Acknowledgments -- Contents -- About the Authors -- List of Figures -- List of Tables -- Introduction -- Stylized Facts -- Summary of Our Models -- Consequences of the Slowdown -- The Increase of Public Debt -- References -- Chapter 1: Innovation -- References -- Chapter 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 of Public Debt -- 2.5 The Stock of Housing -- 2.6 Endogenous Labor Force Participation -- References
- Chapter 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 -- Chapter 4: The Slowdown and the Share of Profits -- 4.1 Basic Setup -- 4.2 Decline of Productivity Growth -- 4.3 A Helicopter Drop of Public Debt -- 4.4 Transitional Dynamics -- 4.5 Conclusions -- Appendix -- References -- Chapter 5: 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 -- Chapter 6: 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 -- Chapter 7: The Pandemic and its Aftermath -- 7.1 Higher Public Debt -- 7.2 Working From Home -- References -- Chapter 8: Growth to the Rescue -- References -- Chapter 9: Economic Policies -- 9.1 The Current Morass
- 9.2 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 -- Chapter 10: Summary and Outstanding Issues -- Index
- ISBN
- LCCN
- 10.1007/978-3-031-31441-4
- OCLC
- om3495569170
- Author
Phelps, Edmund S., author.
- Title
The great economic slowdown : how narrowed technical progress brought static wages, sky-high wealth, and much discontent / Edmund Phelps, Hian Teck Hoon, Gylfi Zoega.
- Publisher
Cham, Switzerland : Palgrave Macmillan, [2023]
- Type of Content
text
- Type of Medium
computer
- Type of Carrier
online resource
- Bibliography
Includes bibliographical references and index.
- Reproduction
Electronic reproduction. Ipswich, MA Available via World Wide Web.
- Note
Description based on online resource; title from digital title page (viewed on September 22, 2023).
- Connect to:
- Added Author
Hoon, Hian Teck, author.
Gylfi Zoega, author.
EBSCOhost
- Other Form:
Print version: 9783031314414
Print version: 3031314409 9783031314407
- Other Standard Identifier
10.1007/978-3-031-31441-4 doi