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Neue Rheinische Zeitung:
Dauer-Strohfeuer

18 July 2017

Trump and Brexit are rapidly becoming the main threat to the upturn. Once the downturn begins, all fingers will point to them. But the real causes lie somewhere else: Stanford economist Nicholas Bloom points to a fatal development in the SPIEGEL interview (4/2017): For decades the inequality in the population would grow in the USA and to a certain extent also in countries of Europe. A small group possesses the majority of the wealth. This was a source of uncertainty and would be exploited by populists.

Related publications

'Measuring Economic Policy Uncertainty', Scott R. Baker, Nicholas Bloom, Steven J. Davis, The Quarterly Journal of Economics, Vol 131, Issue 4, November 2016

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