Showing 1 - 10 of 10
stagnancy during the 1970s and 1980s. I reexamine a well-established econometric literature linking economic freedom to growth … relationship between economic liberalism and growth. Much of the observed relationship between these two variables involves a one …
Persistent link: https://www.econbiz.de/10011257910
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
stagnancy during the 1970s and 1980s. I reexamine a well-established econometric literature linking economic freedom to growth … relationship between economic liberalism and growth. Much of the observed relationship between these two variables involves a one …
Persistent link: https://www.econbiz.de/10009325575
-)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
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
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
This article examines the relationship between "economic freedom" and economic growth. Previous studies have found a … positive relationship between economic growth rates and "economic freedom", and used this relationship as a basis for arguing … shows no positive relationship with growth outside of the early-1990s, a period in which financially-strained developing …
Persistent link: https://www.econbiz.de/10008839480
This article examines the relationship between "economic freedom" and economic growth. Previous studies have found a … positive relationship between economic growth rates and "economic freedom", and used this relationship as a basis for arguing … shows no positive relationship with growth outside of the early-1990s, a period in which financially-strained developing …
Persistent link: https://www.econbiz.de/10008532159
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
In a Kaleckian distribution and growth model with workers’ debt we examine the short- and long-run effects of three …
Persistent link: https://www.econbiz.de/10009325648