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Liberale Wirtschaftspolitik im Zeichen der Debatte über säkulare Stagnation und Pikettys Kapitalismuskritik

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  • Matthes, Jürgen

Abstract

In jüngerer Zeit werden in der internationalen ökonomischen Debatte wirtschaftspolitische Forderungen laut, die deutlich von einer Nachfrageorientierung und weniger von einer angebotsorientierten liberalen Sicht geprägt sind. Sie gehen teilweise recht weit oder scheinen einer stabilitätsorientierten Wirtschaftspolitik entgegenzustehen. So wird beispielsweise vorgeschlagen, die fiskalpolitischen Regeln in Europa aufzuweichen, die extrem expansive Geldpolitik mit sehr niedrigen Zinsen für lange Zeit beizubehalten, die Inflation deutlich zu erhöhen, das Bargeld abzuschaffen, Schuldenschnitte bei Staaten durchzuführen sowie die Umverteilung von Einkommen und Vermögen stark zu erhöhen. Diese Forderungen erhalten aus verschiedenen Gründen hohes Gewicht in der öffentlichen internationalen Debatte. Erstens werden sie durch plakative Schlagworte in die öffentliche Debatte eingebracht. Das gilt zum einen für die Diskussion über eine vermeintlich drohende Säkulare Stagnation, zum anderen für die von Piketty angestoßene Kapitalismus- und Umverteilungsdebatte. Zweitens werden sie von prominenten ökonomischen Vertretern befürwortet. Zahlreiche renommierte internationale Makroökonomen äußern die Sorge vor einer Säkularen Stagnation - und auch der vormals wenig bekannte Piketty hat inzwischen einen hohen Grad an Bekanntheit erreicht. Drittens basieren diese Forderungen auf einem zunächst wohlfundiert erscheinendem makroökonomischem Fundament. [...]

Suggested Citation

  • Matthes, Jürgen, 2016. "Liberale Wirtschaftspolitik im Zeichen der Debatte über säkulare Stagnation und Pikettys Kapitalismuskritik," IW policy papers 1/2016, Institut der deutschen Wirtschaft (IW) / German Economic Institute.
  • Handle: RePEc:zbw:iwkpps:12016
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    References listed on IDEAS

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    1. Robert J. Gordon, 2015. "Secular Stagnation: A Supply-Side View," American Economic Review, American Economic Association, vol. 105(5), pages 54-59, May.
    2. Olivier Blanchard & Giovanni Dell’Ariccia & Paolo Mauro, 2010. "Rethinking Macroeconomic Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(s1), pages 199-215, September.
    3. Haldane, Andrew & Shanbhogue, Rachana & Attanasio, Orazio & Besley, Timothy & Lindert, Peter & Piketty, Thomas & Ventura, Jaume, 2015. "Capital in the 21st century," Bank of England Quarterly Bulletin, Bank of England, vol. 55(1), pages 36-46.
    4. Olivier Blanchard & Giovanni Dell'Ariccia & Paolo Mauro, 2010. "Rethinking Macroeconomic Policy," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 42(s1), pages 199-215, September.
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    Cited by:

    1. Adam, Felix & Matthes, Jürgen, 2018. "Zur Belastbarkeit von Forderungen nach expansiver Fiskalpolitik an der Nullzinsgrenze: Eine Kritik neukeynesianischer Modelle auf Basis einer Literaturanalyse," IW-Reports 7/2018, Institut der deutschen Wirtschaft (IW) / German Economic Institute.

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    JEL classification:

    • O4 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity
    • E6 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations

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