Publisher's Synopsis
The rate of economic growth in the US and other major economies has been slowing down (decelerating) for the past 50 years. For the next decades, important demographic trends will have an increasing impact in their further deceleration. This book discusses actions that must be taken to address this trend and avoid falling into a state of secular stagnation.
This book is written for the public in general. The authors are economists with postgraduate studies in economics and finance. Both have significant professional experience in financial institutions and have headed departments of economic studies. Their most recent publications: "Economic Deceleration" - Explains the causes that have generated economic deceleration since the 1970s."The Era of Two Speeds" - Analyzes the impact and implications of the current financialization of the economy in the US.
"Harnessing Price Inflation" - Based on the behavior of prices in the US for the last 100 years, recommendations are made on methods to harness price inflation.
