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Distribution, aggregate demand and productivity growth - theory and empirical results for six OECD countries based on a Post-Kaleckian model
Hein, Eckhard; Tarassow, Artur - 2008
Empirical research based on the Bhaduri/Marglin-variant of the Kaleckian model has recently shown that aggregate demand in many medium-sized and large open economies tends to be wage-led in the medium to long run, even in a period of increasing globalisation. In this paper we extend this type of...
Persistent link: https://www.econbiz.de/10010460467
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Financialization and the rentier income share - evidence from the USA and Germany
Dünhaupt, Petra - 2010
share of income in the USA and Germany, respectively. If financialization is indeed responsible for the decline, rentiers …
Persistent link: https://www.econbiz.de/10010460485
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The Great Moderation and the Decoupling of Monetary Policy from Long-Term Rates in the U.S. and Germany
Greenwood-Nimmo, Matthew; Shin, Yongcheol; van Treeck, Till - 2010
pass-through from policy-controlled interest rates to a variety of longer-term rates in the U.S. and Germany. Our results … long-term rates from policy-controlled rates during the period of the Great Moderation in both the U.S. and Germany, albeit …
Persistent link: https://www.econbiz.de/10010460498
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The Impact of Financialization on Income Distribution in the USA and Germany: A Proposal for a New Adjusted Wage Share
Duenhaupt, Petra - 2011
increased in Germany as well, business owners are still at the top of the income hierarchy. Therefore, the adjustment of the …
Persistent link: https://www.econbiz.de/10010460502