The macroeconomic effects of 'financialisation' are assessed applying two different variants of a Kaleckian model of …

We review recent attempts to integrate 'financialisation' processes into Post-Keynesian distribution and growth models … opportunities for households' wealth-based and debt-financed consumption, and 3. distribution between capital and labour, on the one … of the firm we bridge the gap between micro- and macro-analysis of 'financialisation' and we trace the main …

We review recent attempts to integrate 'financialisation' processes into Post-Keynesian distribution and growth models … opportunities for households' wealth-based and debt-financed consumption, and 3. distribution between capital and labour, on the one … of the firm we bridge the gap between micro- and macro-analysis of 'financialisation' and we trace the main …

The macroeconomic effects of ‘financialisation’ are assessed applying two different variants of a Kaleckian model of …

recovery in the 1930s, especially the New Deal. The role of income inequality before and during the Great Depression, however …, has almost never been discussed thoroughly. This paper attempts to answer two questions. Firstly, was inequality perceived … policy design did take seriously the problem of inequality? Using official documents such as transcripts of Roosevelt …

In the present paper we explicitly introduce interest payments and debt into a Kaleckian distribution and growth model … the equilibrium debt-capital-ratio are also analysed. It is shown, that the effects of interest variations on the … interest rate and the debt-capital-ratio. If the conditions for short-run 'normal' effects of interest rate variations are …

In the present paper we explicitly introduce interest payments and debt into a Kaleckian distribution and growth model … the equilibrium debt-capital-ratio are also analysed. It is shown, that the effects of interest variations on the … interest rate and the debt-capital-ratio. If the conditions for short-run ‘normal’ effects of interest rate variations are …

1980s can be explained by the interplay of rising (top-end) household income inequality and institutions. On the other hand … country-specific institutions. The model is calibrated for the United States, Germany and China. Simulations suggest that a … substantial part of the increase in household debt and the decrease in the current account in the United States since the early …

1980s can be explained by the interplay of rising (top-end) household income inequality and institutions. On the other hand … country-specific institutions. The model is calibrated for the United States, Germany and China. Simulations suggest that a … substantial part of the increase in household debt and the decrease in the current account in the United States since the early …