Private balance sheets have risen relative to GDP in advanced economies in the last decades, in tandem with a trend of decline in long-term real interest rates. Asset-driven macroeconomic cycles, along with a structural trend of rising influence of finance on income growth and distribution, have become part of the landscape. Underlying secular trends of stagnation may also be suggested, making the macroeconomic dynamics dependent on the balance sheet economy getting bigger and bigger.
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Ótimo seu vídeo , Otaviano ! Parabéns !
Obrigado, Carlos Alberto
Abraco
OC
Parabéns Otaviano ! Tema da desigualdade se soma aos comentários de Thomás Piketty, em CAPITAL E IDEOLOGIA!
i appreciated your valiant and competent effort aimed at informing and educating your audience. Thank you Otaviano!
Excelente análise sobre a relação entre estagnação secular e aumento da desigualdade de renda.
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