Books by Adam Posen

Sustaining Economic Growth in Asia explores the relevance to several Asian economies of the diagnosis known as ¿secular stagnation.¿ Leading experts discuss the fiscal and monetary policy challenges of reviving growth without generating domestic financial imbalances in essays on innovation, demographics, spillovers, and various policy proposals.

This volume analyze the impact of sustained lower productivity growth on public finances, social protection, trade, capital flows, wages, and inequality. It concludes that slow productivity growth could aggravate inequality and increase concentration of market power and also proposes ways that countries can cope with these consequences.