Preprint Article Version 1 This version is not peer-reviewed

Stabilization Policies and Technological Shocks: Towards a Sustainable Economic Growth Path

Version 1 : Received: 30 October 2018 / Approved: 31 October 2018 / Online: 31 October 2018 (09:12:00 CET)

A peer-reviewed article of this Preprint also exists.

Bongers, A.; Díaz-Roldán, C. Stabilization Policies and Technological Shocks: Towards a Sustainable Economic Growth Path. Sustainability 2019, 11, 205. Bongers, A.; Díaz-Roldán, C. Stabilization Policies and Technological Shocks: Towards a Sustainable Economic Growth Path. Sustainability 2019, 11, 205.

Journal reference: Sustainability 2019, 11, 205
DOI: 10.3390/su11010205

Abstract

The purpose of this paper is to explore the extent to which traditional economic policies can be oriented by sound practices. It is becoming widely accepted that sustainable economic growth (and not only economic growth) is the final target of economic policies; but most economic policies are applied just looking to the short-run without taking in account the long-run perspective. Our aim will be to show how a sustainable economic policy-making would be possible, making compatible the stabilization of the economy in the short-run with a sustainable economic growth in the long-run. We confront the design of economic policies with the 17 goals of the 2030 Agenda. We argue that all sustainable development goals can be attained by the design and implementation of sustainable economic policies. Finally, to illustrate this point we will conduct a simulation exercise to show under which combinations of demand policies technological shocks would promote a path of sustainable growth. Our results will provide a reference framework for a sustainable economic policy-making.

Subject Areas

Sustainable economic policy; sustainable economic growth; economic policies; technology.

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