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A (post-)Keynesian perspective on "financialisation"
Hein, Eckhard - 2009
Post-Keynesian demand driven distribution and growth models, based on the notion of distribution conflict between different groups, have been critical regarding the macroeconomic effects of 'financialisation'. In the present paper, firstly, we attempt to identify theoretically and empirically...
Persistent link: https://www.econbiz.de/10003879323
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Managerial pay (cadrisme) and the Post Keynesian growth model
Palley, Thomas I. - 2010
-klassischer marxistischer Theorie und postkeynesianischer Wachstumstheorie geschlagen. Neo-klassische Marxisten fokussieren auf die Frage, warum … long run growth outcomes. Third, managerial pay links neo-classical Marxist theory with Post Keynesian growth theory. Neo … theory and firms may choose techniques that lower growth because they increase profits. …
Persistent link: https://www.econbiz.de/10009306637
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Interest rate, debt, distribution and capital accumulation in a post-Kaleckian model
Hein, Eckhard (contributor) - 2004
The introduction of monetary variables into post-Keynesian models of distribution and growth is an ongoing process. Lavoie (1995) has proposed a Kaleckian 'Minsky-Steindl-model' of distribution and growth, incorporating the effects debt and debt services have on short and long run capital...
Persistent link: https://www.econbiz.de/10002538625
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Is there an equilibrium rate of unemployment in the long run?
Stockhammer, Engelbert (contributor) - 2000 - [Elektronische Ressource]
Persistent link: https://www.econbiz.de/10001548657
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Are intellectual property rights unfair?
Saint-Paul, Gilles - 2003
Persistent link: https://www.econbiz.de/10013424253
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Inequality, aging, and the middle-income trap
Wang, Chen; Lan, Jiajun - 2017
Based on required growth rate and actual growth rate, this paper proposes a method to construct measures to indicate the probability of a country escaping the middle income trap (MIT). A second contribution of this paper is to model this probability using 1960–2015 cross-country data, focusing...
Persistent link: https://www.econbiz.de/10011757920
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Financialisation in a comparative static, stock flow consistent post-Kaleckian distribution and growth model
Hein, Eckhard - 2008
Into an analytical stock-flow consistent Post-Kaleckian distribution and growth model the following transmission channels of 'financialisaton' are integrated. 1. 'Financialisation' is assumed to affect distribution between firms and rentiers in the short run, and distribution between capital and...
Persistent link: https://www.econbiz.de/10003836933
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Inside debt and economic growth: a Cambridge-Kaleckian analysis
Palley, Thomas I. - 2009
short run macroeconomics do not always carry over to growth theory. Growth is faster in endogenous money economies than in …
Persistent link: https://www.econbiz.de/10003861622
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On the "utilization controversy" : a theoretical and empirical discussion of the Kaleckian model of growth and distribution
Nikiforos, Michalis - 2012
This paper examines the "utilization controversy" around the Kaleckian model of growth and distribution. We show that the Federal Reserve data on capacity utilization, which have been used by both sides of this debate, are the wrong kind of data for the issue under examination. Instead, a more...
Persistent link: https://www.econbiz.de/10009669785
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Autonomous government expenditure growth, deficits, debt and distribution in a neo-Kaleckian growth model
Hein, Eckhard - 2016
This paper is linked to some recent attempts at including a non-capacity creating autonomous expenditure category as the driver and determinant of growth into Kaleckian distribution and growth models. Whereas previous contributions have focussed on taming Harrodian instability, generated by the...
Persistent link: https://www.econbiz.de/10011459378