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Finance-dominated capitalism in Germany: Deep recession and quick recovery

Detzer, Daniel; Hein, Eckhard - 2014

Germany's recent export successes and the fast recovery from the 2007 -2009 crisis made it Europe's "economic superstar … the development of Germany during the financial and economic crisis and the causes for the quick recovery in light of the …

Persistent link: https://www.econbiz.de/10010397740

Finance-dominated capitalism and income distribution: A Kaleckian perspective on the case of Germany

Hein, Eckhard; Detzer, Daniel - 2014

and economic crises for Germany, one of the major mercantilist export-led economies. The analysis builds on a Kaleckian …, we show that Germany saw considerable re-distribution of income starting in early 1980s, which accelerated in the early … existence of each of these channels in Germany since the mid-1990s, when several institutional changes provided the conditions …

Persistent link: https://www.econbiz.de/10010420350

Financialisation and the financial and economic crises: The case of Germany

Detzer, Daniel; Hein, Eckhard - 2014

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/10010427810

Fiscal policy and rebalancing in the Euro area: A critique of the German debt brake from a Post-Keynesian perspective

Hein, Eckhard; Truger, Achim - 2013

and/or investment and savings behavior in Germany. …

Persistent link: https://www.econbiz.de/10010513067

Future fiscal and debt policies: Germany in the Context of the European Monetary Union

Hein, Eckhard; Truger, Achim - 2013

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/10010314658

Financialisation and stagnation: A macroeconomic regime perspective

Hein, Eckhard - 2020

-led mercantilist and the domestic demand-led regime and apply this to six countries, Germany, France, Spain, Sweden, the UK and the USA …

Persistent link: https://www.econbiz.de/10012292734

Income and happiness: New results from generalized threshold and sequential models

Boes, Stefan; Winkelmann, Rainer - 2004

Empirical studies on the relationship between income and happiness commonly use standard ordered response models, the most well-known representatives being the ordered logit and the ordered probit. However, these models restrict the marginal probability effects by design, and therefore limit the...

Persistent link: https://www.econbiz.de/10010315474

Relative status and satisfaction

Boes, Stefan; Staub, Kevin E.; Winkelmann, Rainer - 2008

This paper investigates the relationship between income satisfaction of adult children and their relative economic status, using data from the German Socio-Economic Panel and income rank as an indicator of status. The results show that children appear to compare their actual economic status with...

Persistent link: https://www.econbiz.de/10010315482

Hedonic adaptation to living standards and the hidden cost of parental income

Boes, Stefan; Staub, Kevin; Winkelmann, Rainer - 2007

High parental income, while undeniably causing benefits for a child in terms of better access to education and more favorable labor market outcomes, may at the same time increase a child's income aspirations and thereby reduce financial satisfaction, ceteris paribus. In this paper, we...

Persistent link: https://www.econbiz.de/10010315544

Money illusion under test

Boes, Stefan; Lipp, Markus; Winkelmann, Rainer - 2005

Much progress has been made in recent years in developing and applying a direct measure of utility using survey questions on satisfaction with income and with life in general. In this paper we apply this new type of measurement to the study of money illusion. Using data from the German...

Persistent link: https://www.econbiz.de/10010315573