Showing 1 - 9 of 9
-)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
Trends in Globalization’ website (http://ablog.typepad.com/), the paper analyzes growth in four types of country typified by … the EU, the USA, India, and China. The fastest growth has been registered in China, which has followed a policy of … expansionary money with strong banking controls, combined with an investment-led stimulus. Strong growth has also however been …
Persistent link: https://www.econbiz.de/10011260174
dependency on resource exploitation and the sustainability of the chosen growth path With few notable exceptions, social theory … growth in demand for labour services, which would be, in Mark Swilling’s terminology, ‘resource-decoupled’, decreasing the … things to invest in humans. This poses an especial challenge for policy, since the growth of the creative industry sector …
Persistent link: https://www.econbiz.de/10011260737
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
prolonged exceptional growth which can be considered, at least economically, a solution to a crisis. I draw two immediate … means that sustainable growth, centered on the enhancement and extension of the human spirit instead of the material … the gross inequalities characterizing the present crisis; but, second, to initiate a new process of growth in which the …
Persistent link: https://www.econbiz.de/10008728072