income inequality and the current account deficit and a consolidation of the government budget lead to a decrease in the …. Sustainable growth requires a decrease in income inequality, an improvement in the external position, and a relaxation of the …

a two-agent overlapping-generations model, we find that recent trends in income inequality and financial liberalization … those reducing the structural sources of high inequality. …

the main influence on the secular stagnation literature, Hobson's suggested link between economic inequality and … stagnation is of interest in view of T. Piketty's recent claim about the connection between slower growth and inequality. E …, and deficient aggregate demand. We conclude that the range of positions held today concerning stagnation and inequality is …

before the COVID-19 crisis. Long-run trends have shown a pattern of secular stagnation and increasing inequality since the … forward to the long run, redistribution policies may provide useful first steps in reversing the trends of rising inequality …

income inequality and the current account deficit and a consolidation of the government budget lead to a decrease in the …. Sustainable growth requires a decrease in income inequality, an improvement in the external position, and a relaxation of the …

productivity growth, a rise in income inequality, and public policy. The model can account for a 2.2 percentage point (pp) decline … in r* between 1975 and 2015, which is within the range of empirical estimates. Rising income inequality is an important … most of the decline. Growing public debt is the major counteracting force (+0.31 pp). Permanent income inequality is of …