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In this paper, we review the role of the political economy in inclusive growth. We find that political economy forces on the demand and supply side have weakened redistribution over time and contributed to a new wave of populism. We document growing support for a rethink of the social contract to make growth more inclusive and discuss some of its broad elements.

Macroeconomics --- Economics: General --- International Economics --- Public Finance --- Diseases: Contagious --- Political Economy --- Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior --- Personal Income, Wealth, and Their Distributions --- Macroeconomic Analyses of Economic Development --- Aggregate Factor Income Distribution --- Economic Growth and Aggregate Productivity: General --- National Government Expenditures and Related Policies: General --- National Government Expenditures and Welfare Programs --- Health Behavior --- Economic & financial crises & disasters --- Economics of specific sectors --- Economic growth --- Public finance & taxation --- Infectious & contagious diseases --- Political economy --- Financial crises --- Economic sectors --- Income inequality --- National accounts --- Income --- Inclusive growth --- Expenditure --- Fiscal redistribution --- Currency crises --- Informal sector --- Economics --- Income distribution --- Economic development --- Expenditures, Public --- Communicable diseases --- United States --- Economic development. --- Macroeconomics. --- Economics: General. --- International Economics. --- Public Finance. --- Diseases: Contagious. --- Political Economy. --- Models of Political Processes: Rent-seeking, Elections, Legislatures, and Voting Behavior. --- Personal Income, Wealth, and Their Distributions. --- Macroeconomic Analyses of Economic Development. --- Aggregate Factor Income Distribution. --- Economic Growth and Aggregate Productivity: General. --- National Government Expenditures and Related Policies: General. --- National Government Expenditures and Welfare Programs. --- Health Behavior. --- Economic & financial crises & disasters. --- Economics of specific sectors. --- Economic growth. --- Public finance & taxation. --- Infectious & contagious diseases. --- Financial crises. --- Economic sectors. --- Income inequality. --- National accounts. --- Income. --- Inclusive growth. --- Expenditure. --- Fiscal redistribution. --- Currency crises. --- Informal sector. --- Economics. --- Income distribution. --- Expenditures, Public. --- Communicable diseases. --- Political aspects. --- United States.

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Banks and banking, Central --- Banques centrales --- European Central Bank --- European System of Central Banks --- Board of Governors of the Federal Reserve System (US) --- AA / International- internationaal --- 334.151.21 --- -Banks and banking, Central --- -332.11094 --- Banker's banks --- Banks, Central --- Central banking --- Central banks --- Banks and banking --- Europese centrale bank. ESCB. Centrale banken. --- European Central Bank. --- European System of Central Banks. --- Board of Governors of the Federal Reserve System (U.S.) --- Sovet upravli︠a︡i︠u︡shchikh FRS --- Federal Reserve System (U.S.) --- F.R.S. --- FRS --- United States. --- Federal Reserve (U.S.) --- Federalʹnai︠a︡ rezervnai︠a︡ sistema (U.S.) --- Federal Reserve Board (U.S.) --- ESCB --- Europäisches System der Zentralbanken --- ECB --- Banque centrale européenne --- BCE --- Banco Central Europeo --- Banca centrale europea --- Europäische Zentralbank --- Európska centrálna banka --- 332.11094 --- Europese centrale bank. ESCB. Centrale banken --- EZB --- Banks and banking, Central - European Union countries --- Banks and banking, Central - United States