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their individual balance sheet. The coin economic theory may help to show that financial sector (equals savings) growth does … not equate to GDP growth. In this article the theory explores the allocation of savings, the role of interest rates, the …
Persistent link: https://www.econbiz.de/10011261170
-)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
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
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
Can foreign direct investment (FDI) promote growth in Africa? What does the inflow of investment hold for African … implication of FDI for different regional blocs in Africa. FDI was found to have a significant effect on growth in North Africa … but had no significant effect in East, Southern and West Africa. FDI was also found not to be driving growth in the whole …
Persistent link: https://www.econbiz.de/10011186474
Has macroeconomic management succeeded in making privatization promote growth in Africa? What are the probable … strategies that should accompany the privatization reform process to promote growth in Africa? To what extent has the … the success of the privatization reform process. It was also found that privatization was not promoting growth in Africa …
Persistent link: https://www.econbiz.de/10011186475
Country Profit or Loss level. The P/L data are more relevant than economic growth data as they include incomes and asset …:one of a preventative nature to avoid future crises; the others to stimulate economic growth through economic easing using …
Persistent link: https://www.econbiz.de/10011107559
Executive Summary included in the Paper
Persistent link: https://www.econbiz.de/10011109302