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

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  • Karl Pichelmann

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.

Suggested Citation

  • Karl Pichelmann, 2015. "When ‘Secular Stagnation’ meets Piketty’s capitalism in the 21st century. Growth and inequality trends in Europe reconsidered," European Economy - Economic Papers 2008 - 2015 551, Directorate General Economic and Financial Affairs (DG ECFIN), European Commission.
    • Handle: RePEc:euf:ecopap:0551
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    JEL classification:

    • C20 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General

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