Luis de Guindos: Gabriel Zucman’s contribution to research on wealth inequality and the redistributive effects on globalization Remarks by Luis de Guindos, Vice-President of the European Central Bank, on the occasion of the award of the Bernácer Prize to Professor Gabriel Zucman, Madrid, 11 October 2019.
We should not be surprised by this as the income and wealth generated over the past five years were simply extraordinary. By definition, the economy must grow at a below-average pace for some of the time. These periods provide the economy with the breathing space to sustain the expansion.