Bongers, A.; Díaz-Roldán, C. Stabilization Policies and Technological Shocks: Towards a Sustainable Economic Growth Path. Sustainability2019, 11, 205.
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. Sustainability2019, 11, 205.
Bongers, A.; Díaz-Roldán, C. Stabilization Policies and Technological Shocks: Towards a Sustainable Economic Growth Path. Sustainability 2019, 11, 205.
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.
Copyright:
This is an open access article distributed under the Creative Commons Attribution License which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
