When ‘Secular Stagnation’ meets Piketty’s capitalism in the 21st century. Growth and inequality trends in Europe reconsidered

Abstract:
Growth and investment in Europe have been stuck in low gear since the crisis while inequality has continued to rise. In light of these facts, this paper examines growth and inequality trends in Europe in the context of secular stagnation theories and Piketty’s theory on growth and inequality.

European Commission: DG Economic and Financial Affairs: European Economy: Economic Papers No. 551, June 2015: When ‘Secular Stagnation’ meets Piketty’s capitalism in the 21st century. Growth and inequality trends in Europe reconsidered http://ec.europa.eu/economy_finance/publications/economic_paper/2015/ecp551_en.htm

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