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Finance-dominated capitalism in crisis: The case for a Global Keynesian New Deal

Hein, Eckhard; Truger, Achim - Fachbereich Wirtschaftswissenschaften, Hochschule für … - 2010

We analyse the long-run imbalances of finance-dominated capitalism underlying the present crisis - which began in 2007 - with a focus on developments in the US and Germany. We argue that beyond inefficient regulation of the financial sector, the severeness of the present crisis has been mainly...

Persistent link: https://www.econbiz.de/10010955073

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

Hein, Eckhard; Truger, Achim - Fachbereich Wirtschaftswissenschaften, Hochschule für … - 2013

Currently fiscal policies in Germany seem to be in a very comfortable position and the German Debt Brake is regarded as an institutional precondition for this success and has been exported to the Euro area in the guise of the Fiscal Compact. In this paper we scrutinize German fiscal policies and...

Persistent link: https://www.econbiz.de/10010955076

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

Detzer, Daniel; Hein, Eckhard - Fachbereich Wirtschaftswissenschaften, Hochschule für … - 2014

examination of the pre-crisis demand and growth regime, the focus is on how financialisation has contributed to the German 'export …

Persistent link: https://www.econbiz.de/10010955091

Finance-dominated capitalism, re-distribution and the financial and economic crises: A European perspective

Hein, Eckhard - Fachbereich Wirtschaftswissenschaften, Hochschule für … - 2012

In this paper the euro crisis is viewed as the most recent episode of the crisis of financedominated capitalism. Therefore, two major features of finance-dominated capitalism, the increasing inequality of income distribution and the rising imbalances of current accounts, are analysed for a set...

Persistent link: https://www.econbiz.de/10010955094

Macroeconomic co-ordination as an economic policy concept : opportunities and obstacles in the EMU

Truger, Achim; Hein, Eckhard - Wirtschafts- und Sozialwissenschaftliches Institut, … - 2004

-)Keynesian analysis is presented as a growth and employment-oriented alternative to this restrictive policy mix. Contrary to the strict … alternative requires the coordination of monetary, fiscal and wage policies in order to achieve growth, high employment and price …

Persistent link: https://www.econbiz.de/10009327899

European Monetary Union: Nominal convergence, real divergence and slow growth? An investigation into the effects of changing macroeconomic policy institutions associated with monet...

Hein, Eckhard; Truger, Achim - Wirtschafts- und Sozialwissenschaftliches Institut, … - 2002

concept of money and their satisfaction may be largely endogenous to shifts in the economic policy regime. Growth and …, in this paper the effects of the new EMU institutional framework for monetary, fiscal and wage policies on overall growth … has neither been conducive to aggregate growth nor to real convergence across the euro area. In order to improve growth …

Persistent link: https://www.econbiz.de/10009327917

Leitlinien für ein dauerhaftes Wachstum in der EU? Konzept und Wirkung der Grundzüge der Wirtschaftspolitik

Niechoj, Torsten; Hein, Eckhard - Wirtschafts- und Sozialwissenschaftliches Institut, … - 2004

growth and employment problems in the EU. These guidelines have been the EU-economic policy concept for ten years now, but … this concept has not been able to generate sustained growth in the EU. Examining the guidelines we show the weaknesses of … the economic policy model behind it and outline an alternative concept which promises more growth for Europe in the long …

Persistent link: https://www.econbiz.de/10009327942

Finance-dominated capitalism, re-distribution and the financial and economic crises - a European perspective

Hein, Eckhard - Volkswirtschaftliche Fakultät, … - 2012

In this paper the euro crisis is viewed as the most recent episode of the crisis of finance-dominated capitalism. Therefore, two major features of finance-dominated capitalism, the increasing inequality of income distribution and the rising imbalances of current accounts, are analysed for a set...

Persistent link: https://www.econbiz.de/10009397198

Finance-dominated capitalism in crisis – the case for a Global Keynesian New Deal

Hein, Eckhard; Truger, Achim - Volkswirtschaftliche Fakultät, … - 2010

We analyse the long-run imbalances of finance-dominated capitalism underlying the present crisis – which began in 2007 – with a focus on developments in the US and Germany. We argue that beyond inefficient regulation of the financial sector, the severeness of the present crisis has been...

Persistent link: https://www.econbiz.de/10008592982

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

Detzer, Daniel; Hein, Eckhard - Fachbereich Wirtschaftswissenschaften, Hochschule für … - 2014

real GDP growth, on the growth contributions of the main demand aggregates, and the financial balances of the macroeconomic …

Persistent link: https://www.econbiz.de/10011085013