Category Archive: Income Growth
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Is the ECB/EU Achieving Stated Objective of Balanced Growth?
The primary objective of the European Central Bank is to maintain price stability; however, as a compliment to its primary objective, the Eurosystem “shall also ‘support the general economic policies in the Union with a view to contributing to the achievement of the objectives of the Union’. These include inter alia ‘full employment’ and ‘balanced economic [...]
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This Is What You Get When Policy Makers Become Complacent
The prospects for domestic demand in the US are not bright. The labor market barely generates jobs and fiscal policy is a drag. Americans are consuming; but there’s unlikely sufficient nominal income growth to stabilize consumption expenditure growth at current levels. We’ve seen years where consumption growth outpaced income growth; but those periods of consumption were financed [...]



















