EEAG Report 2022: Foreword

No crisis passes without causing structural changes, and it is therefore natural to reflect on the role of government and economic policies in the perspective of a long list of policy challenges including the climate, technological change, aging, and inequality, but also a possible de-globalization. At the same time, it is important to see the developments in a broader perspective, not forgetting the experience and lessons of the recent past.

This report takes such a broader perspective to relate the current situation to the economic and political developments that have occurred since the 1970s, highlighting specific aspects particularly relevant to the contemporary discussion and also pointing out some of the current challenges, including high debt levels and looming inflationary pressures, that have been experienced in the past.