Rethinking stabilization policies; Including supply-side measures and entrepreneurial processes
Bibliographic Data
| ID | 14868912 |
|---|---|
| Authors | Pontus Braunerhjelm (0000-0003-0218-7924, Swedish Entrepreneurship Forum, corresponding author) |
| Year | 2022 |
| Volume | 58 |
| Issue | 2 |
| Pages | 963-983 |
| Publication date | 2022-02-01 |
| Peer Reviewed | Yes |
| Open Access | Yes |
| Type | ARTICLE |
| Venue | Small Business Economics (JOURNAL) |
| Journal identifiers | ISSN: 0921-898X • E-ISSN: 1573-0913 |
| Publisher | Springer Science and Business Media LLC (PUBLISHER) |
| DOI | 10.1007/s11187-021-00520-6 |
| PMID | 38624907 |
| OpenAlex | W3189176685 |
| Language | EN |
| Citations received | 6 |
| References cited | 61 |
Traditional macroeconomic stabilization policies seek to moderate swings in economic activity through measures that primarily augment aggregate demand. Such measures are, however, inadequate in mitigating the comprehensive effects of crisis such as the COVID-19, which affects both the demand and supply sides of the economy. Moreover, monetary policies are presently close to a liquidity trap combined with weakened transmission links to the real economy. Fiscal policies have been reactivated, albeit in an ad hoc and experimental manner. Based on a literature review and the policy responses following the COVID-19 crisis, the objective is to present a modified and extended framework for stabilization policies. In particular, the importance of microeconomic supply-side measures that promote entrepreneurial processes and knowledge-upgrading efforts are emphasized. Furthermore, a coherent realigning of policies at the micro- and macro-levels is argued to enhance the potential for long-term growth and to facilitate the restructuring of an economy that normally follows a crisis
Aggregate demand · Demand side · Disequilibrium · Economic system · Economics · Entrepreneurship · Fiscal policy · Liquidity crisis · Liquidity trap · Macro · Macroeconomics · Market liquidity · Monetary policy · Restructuring · Stabilization policy · Economic theories and models · Economic Theory and Policy · Fiscal Policy and Economic Growth · Finance
Objective and imperative meaning of financial policy at micro level
Unleashing the potential
Can large-scale RDI funding stimulate post-crisis recovery growth? Evidence for Finland during Covid-19
Economic effects of the Covid-19 pandemic on entrepreneurship and small businesses
Targeted monetary policy and loan availability for small and microenterprises
The impact of the Covid-19 pandemic and pandemic-related policies on new firm creation
The Free-Market Innovation Machine
Entrepreneurship capital and economic growth
Will Covid-19 fiscal recovery packages accelerate or retard progress on climate change?
Time to Build and Aggregate Fluctuations
Econometric policy evaluation
Organizational Response to Adversity
Why Nations Fail
Expectations and the neutrality of money
Why Nations Fail
Entrepreneurship and the Business Cycle
Growth and entrepreneurship
The missing link
The knowledge spillover theory of entrepreneurship
The knowledge spillover theory of intrapreneurship
The knowledge spillover theory of entrepreneurship
The electoral budget cycle
Endogenous Technological Change
How the West grew rich
This time is different
A Program for Monetary Stability
A Monetary History of the United States, 1867-1960
The Triumph of Monetarism
| Unique citing works | 6 |
|---|---|
| Citations per year | 1,2 |
| Citation span | 2021 - 2026 (6) |
| Citation velocity | current |
| Highly cited | No |
| Citation types | Neutral: 6 |