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Causes and consequences of the financial crisis and the implications for a more resilient financial and economic system

Hein, Eckhard - 2016

The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...

Persistent link: https://www.econbiz.de/10011431825

Financialisation and tendencies towards stagnation: The role of macroeconomic regime changes in the course of and after the financial and economic crisis 2007-9

Hein, Eckhard - 2017

This paper argues that the re-emergence of stagnation tendencies in modern capitalism can be related to financialisation and its macroeconomic failures leading to the recent crises, and in particular to the macroeconomic responses towards the crisis and the respective regime shifts in mature...

Persistent link: https://www.econbiz.de/10011664316

The Eurozone in crisis: A Kaleckian macroeconomic regime and policy perspective

Hein, Eckhard; Martschin, Judith - 2020

Macroeconomics (NCM). Applying a Kaleckian/post-Keynesian analysis of the demand and growth regimes to the EA-12 countries, we show …

Persistent link: https://www.econbiz.de/10012290595

Financialisation and stagnation: A macroeconomic regime perspective

Hein, Eckhard - 2020

high inequality and weak capital stock growth. …

Persistent link: https://www.econbiz.de/10012292734

Financialisation, varieties of macroeconomic regimes and stagnation tendencies in a stylised Kaleckian model

Hein, Eckhard - 2022

In this contribution, we review the research on the variety of macroeconomic demand and growth regimes in finance … stagnation tendencies. Results of this research are integrated into a stylised Kaleckian distribution and growth model, which … allows to derive the pre-crisis regimes and the following regime shifts. By means of endogenising productivity growth into …

Persistent link: https://www.econbiz.de/10013459716

Inflation is always and everywhere … a conflict phenomenon: Post-Keynesian inflation theory and energy price driven conflict inflation

Hein, Eckhard - 2023

This paper reviews the post-Keynesian theory of inflation against the background of the simultaneous rise in inflation and profit shares in the course of the Covid-19 recovery and the Russian war in Ukraine. It distinguishes between the Keynes, Kaldor, Robinson, and Marglin tradition, and the...

Persistent link: https://www.econbiz.de/10014438366

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

Detzer, Daniel; Hein, Eckhard - 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/10010397740

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

Detzer, Daniel; Hein, Eckhard - 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/10010427810

Fiscal policy and rebalancing in the Euro area: A critique of the German debt brake from a Post-Keynesian perspective

Hein, Eckhard; Truger, Achim - 2013

The German debt brake is often regarded as a great success story, and has therefore served as a role model for the Euro area and its fiscal compact. In this paper we fundamentally criticize the debt brake. We show that (1) it suffers from serious shortcomings, and its success is far from certain...

Persistent link: https://www.econbiz.de/10010513067

Coping with imbalances in the euro area: Policy alternatives addressing divergences and disparities between member countries

Hein, Eckhard; Detzer, Daniel - 2014

alternative policy proposals is to generate sustainably high demand and output growth in the euro area as a whole, providing high … "balance-of-payments-constrained growth rate." Based on this framework, we outline the required stance for alternative economic …

Persistent link: https://www.econbiz.de/10010513082