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

Author(s): Karl Pichelmann

When ‘Secular Stagnation’ meets Piketty’s capitalism in the 21st century. Growth and inequality trends in Europe reconsideredpdf(929 kB) Choose translations of the previous link 

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 Economy. Economic Papers 551. June 2015. PDF. 40pp. Tab. Graph. Ann. Bibliogr. Free.)

KC-AI-15-551-EN-N (online)KC-AI-15-551-EN-C (print)
ISBN 978-92-79-44824-9 (online)ISBN 978-92-79-44825-6 (print)
doi: 10.2765/005310 (online)doi: 10.2765/003981 (print)

JEL classification: CE20, O40

Economic Papers are written by the staff of the Directorate-General for Economic and Financial Affairs, or by experts working in association with them. The Papers are intended to increase awareness of the technical work being done by staff and to seek comments and suggestions for further analysis. The views expressed are the author’s alone and do not necessarily correspond to those of the European Commission.

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