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firm sector in a simple Kaleckian distribution and growth model. In particular we show that rising (falling) capital … debt'. Therefore, the treatment of the rate of interest as an exogenous macroeconomic distribution parameter in Post …-Keynesian distribution and growth models seems to be well founded. …
Persistent link: https://www.econbiz.de/10010955074
be identified: inefficient regulation of financial markets, increasing inequality in the distribution of income, and … rising imbalances at the global (and at the Euro area) level. The focus of the paper is on the changes in distribution … dimensions of re-distribution in the course of 'financialisation' and 'neo-liberalism' are examined: functional distribution …
Persistent link: https://www.econbiz.de/10010955078
the financial sector and the non-financial sectors of the economy associated with 'financialisation' on distribution … financialisation to the macroeconomy: first, the effect on income distribution, second, the effects on investment in capital stock …
Persistent link: https://www.econbiz.de/10010955082
profit in a simple post-Kaleckian distribution and growth model. This model gives rise to different potential accumulation … regimes depending on the values of the parameters in the investment, saving and distribution function. Estimating these core … increasing profit share in both countries. …
Persistent link: https://www.econbiz.de/10010955088
Focussing on the long-run effects of 'financialisation' and increasing shareholder power in a simple Post-Kaleckian endogenous growth model, we examine the effects of increasing shareholder power on the demand regime, on the productivity regime, and on the overall regime of the model. Under...
Persistent link: https://www.econbiz.de/10010955089
. Therefore, two major features of finance-dominated capitalism, the increasing inequality of income distribution and the rising …
Persistent link: https://www.econbiz.de/10010955094
In a Kaleckian distribution and growth model with workers' debt we examine the short- and long-run effects of three … in capital stock, re-distribution of income at the expense of the wage share, and increasing lending of rentiers to …
Persistent link: https://www.econbiz.de/10010955097