RECESSION: GOVERNMENT POLICY RESPONSE AND INEQUALITY- IS THERE A LINK?

Authors

  • Arthur H. Goldsmith Jackson T. Stephens Professor Department of Economics Washington and Lee University, USA
  • Safdar Ullah Khan Honorary Senior Research Fellow Bond Business School, Bond University, Australia

Abstract

Economic inequality within countries throughout the world is striking and has increased over the past 3 decades. Moreover, recessions are common and are often influenced by global interconnections. In this essay, we set out standard economic ideas on ways public policy might respond to a recession and how these policies might exacerbate or mitigate economic inequality. In addition, we present evidence on the link between government behaviour and inequality for the group of OECD nations, to shed some light on the potential role of government in advancing inequality.

References

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Published

2022-12-31

How to Cite

H. Goldsmith, A. ., & Ullah Khan, S. . (2022). RECESSION: GOVERNMENT POLICY RESPONSE AND INEQUALITY- IS THERE A LINK?. The Journal of Contemporary Issues in Business and Government, 28(4), 796–808. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/2566

Issue

Vol. 28 No. 4 (2022): The journal of contemporary issues in business and government

Section

Articles

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