Rahanduse ja majandusteooria instituudi teadusseminar 3. detsembril
- Koht: SOC-314
“Seminar of the Department of Finance and Economics”, Wednesday December 3, 16:00-17:00 in room SOC-314, TSEBA
Luigi Bonatti, University of Trento, will present his paper:
Low Growth in Advanced Economies: The Interplay of Wealth Accumulation, Structural Change and Government Policies
Abstract: This paper intends to assess the reasons of the current anaemic growth of the advanced economies, with a special focus on the euro area and Italy, and to discuss their implications in terms of policy. The objective is to outline a general conceptual framework whereby to provide a coherent explanation of different but related phenomena, even at the cost of glossing over—at this preliminary stage—data, formal analyses and bibliographical references that support it. The paper does so by discussing the structural causes underlying the slowing down of GDP growth in the rich countries (“secular stagnation”). Furthermore, it interprets some important episodes that occurred in the world economy since the 1980s as the result of the policy makers’ attempt to “force” economic growth beyond what is sustainable, and finally it pays attention to the crisis of the euro area.
The seminar is held in English. Copies of the paper will be available at the seminar.
Everyone is welcome. Please feel free to share this invitation!
Questions regarding the seminar can be addressed to Karsten Staehr, karsten dot staehr at ttu dot ee
Next seminar: Wednesday 10 Dec.: Robert Kitt