Titlebook: New Challenges for Macroeconomic Policies; Economic Growth, Sus Gilles Dufrénot Book 2023 The Editor(s) (if applicable) and The Author(s),

headlong

Hysteresis, Inflation, and Secular Stagnationation of the implications of such phenomena on the trend GDP trajectories. We also discuss the following issues that have raised strong debates among economists. The first is whether growth in industrialized countries is job-creating (which leads to investigate the validity of Okun’s law). The secon

高射炮

Medley

碎石頭

New Challenges for Monetary Policyhere the interest rate instrument has proven to be inadequate to the liquidity trap situation following the 2008 crisis. We describe the new avenues that have emerged in the debates between macroeconomists: Fischerian approaches to the interest rate suggesting a positive correlation between the leve

ESPY

Fiscal Policy Issuesicy that now go beyond what is usually said, that is, allocation, distribution, and stabilization. The repetition of crises of various kinds and ecological issues have opened up new roles for governments: insurers of income and builders of the future by committing large amounts of expenditure to pot

Inertia

泥土謙卑

Conclusionis the sustainability of production, ecosystems, and resources. But also the sustainability of finance, be it the financial cycle, credit, or public debt. We conclude that macroeconomics is not the art of prediction, but the art of understanding a world that is constantly changing and becoming more

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Book 2023s of policymakers away from short-term regulation and policies towards problems of structural change is discussed in relation to the Taylor rule and Fisher relationship. Both empirical observations and quantitative analyses are utilised to explore diverse but interrelating topics, including interest