The Incentive Reward Complex and the slowest U.S. post‑WW II recovery on record.

• Authors: Beranek William , Kamerschen David R
• Languages of publication: EN

Abstracts

EN

Government policymakers (both Fed and U.S. Treasury) remain puzzled over the lack of vigor in the post-Great Recession recovery of 2010 to 2017, blaming it in part on a slowdown in productivity growth and the retirement of workers. But an equally plausible explanation lies in their failure to recognize the importance of the Incentive Reward Complex in providing an improved springboard for economic growth. Support for this hypothesis lies in the Fed’s data base, along with evidence that fails to support stimulus policies of both the U.S. Treasury and the Fed. Rather than more of these types of government interventions, we may need fewer of them along with more of the culture of incentives and rewards.

Keywords

EN

eal gross private investment; productivity growth; incentive reward complex; risk-adjusted return; value of opportunity; and fiscal and monetary policies

• Publisher: Uniwersytet Ekonomiczny w Poznaniu
• Journal: Economics and Business Review
• Year: 2017
• Volume: 3(17)
• Issue: 2
• Pages: 3-11

Dates

published

2017-06-30

Contributors

author

Beranek William

• Distinguished Professor Emeritus of Financial Economics, University of Georgia, Athens, GA 30602. USA

author

Kamerschen David R

• Distinguished Professor Emeritus of Economics, University of Georgia, 310 Herty Dr., 535 Brooks Hall, Athens, GA 30602, USA

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Identifiers

DOI

10.18559/ebr.2017.2.1