Skip to Main content Skip to Navigation
New interface
Preprints, Working Papers, ...

Macroeconomic policy and potential growth

Abstract : We make the case for investigating the gap between the potential and the actual level of production, and review contributions that point to the reduced power of standard policy in- struments in presence of a prolonged gap. We also highlight di¢ culties in measuring where an economy stands relative to its potential. We review links between human capital accumulation and technology, and sketch a basic Schumpeterian model that puts at the center stage of the growth process investments in innovation and the foundation of new Örms, arguably two key sources of growth that could revitalize the faltering European Economies. The gap between the short and long run behavior is illustrated through quantitative experiments.
Document type :
Preprints, Working Papers, ...
Complete list of metadata
Contributor : Spire Sciences Po Institutional Repository Connect in order to contact the contributor
Submitted on : Wednesday, December 1, 2021 - 4:09:23 AM
Last modification on : Friday, March 25, 2022 - 3:38:36 AM


Publisher files allowed on an open archive




Jérôme Creel, Maurizio Iacopetta. Macroeconomic policy and potential growth. 2015. ⟨hal-03459896⟩



Record views


Files downloads