Showing 1 - 10 of 12
-)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
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
Barro (1991) and the Gastil indices, by comparing their effects both on growth and private investment. The results provide … substantial support for the position that the institutional roots of growth and convergence are significant. The marked …
Persistent link: https://www.econbiz.de/10008530718
Assuming that J. S. Mill and others are correct in their belief that trust matters for the economic performance of nations, the determinants of trust become important. Section 2 discusses the sources of trust and briefly summarizes empirical evidence. Section 3 builds on Fukuyama’s concept of...
Persistent link: https://www.econbiz.de/10008753046
This paper describes the gradual accumulation of indicators and evidence of the links between governance and growth … point in the same direction: good governance is crucial for growth. Unfortunately, while current indicators are getting …
Persistent link: https://www.econbiz.de/10008788805
additional and more direct evidence about the importance of secure property and contract rights for economic growth and … growth and investment. We then show how the new measure, which we call “contract-intensive money” or CIM, relates to the … security of contract and property rights, is positively related to income, growth and investment. …
Persistent link: https://www.econbiz.de/10008685502