Showing 1 - 10 of 20
- with a focus on developments in the US and Germany. We argue that beyond inefficient regulation of the financial sector … imbalances in the world economy associated with finance-dominated capitalism. From this it follows that in the near and not so … near future, the US will no longer be able to act as the driving force for world demand. In order to avoid a period of …
Persistent link: https://www.econbiz.de/10009549800
medium- to long-run developments in the world economy since the early 1980s. The following long-run causes for the crisis can …
Persistent link: https://www.econbiz.de/10009550324
The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...
Persistent link: https://www.econbiz.de/10011431645
of the crises and we discuss the implications of these recent developments for the world economy. …
Persistent link: https://www.econbiz.de/10011311194
In this paper we review the empirical and theoretical literature on the effects of changes in the relationship between the financial sector and the non-financial sectors of the economy associated with 'financialisation' on distribution, growth, instability and crises. We take a macroeconomic...
Persistent link: https://www.econbiz.de/10010242861
This paper surveys some of the important literatures on financial, economic and social systems with an eye towards explaining the tendencies towards 'financialisation'. We focus on important strands of this literature: the French Regulation School, the US-based Social Structures of Accumulation...
Persistent link: https://www.econbiz.de/10010242863
This paper reviews the post-Keynesian theory of inflation against the background of the simultaneous rise in inflation and profit shares in the course of the Covid-19 recovery and the Russian war in Ukraine. It distinguishes between the Keynes, Kaldor, Robinson, and Marglin tradition, and the...
Persistent link: https://www.econbiz.de/10014437285
behavioural equations for the US and Germany in the period 1960-2007, we find significant and robust effects of interest payments … with the expected sign in each of the equations. Our estimation results imply, both for the US and for Germany, that the …
Persistent link: https://www.econbiz.de/10009549819
Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as …
Persistent link: https://www.econbiz.de/10009756271
This study on Germany examines the long-run changes between the financial and the non-financial sectors of the economy … financial and economic crisis and examines the causes of the quick recovery in Germany. …
Persistent link: https://www.econbiz.de/10010433934