Showing 1 - 10 of 11
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
-)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
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
(ICT) and its impact on economic growth over the last decade. It shows a wide set of indicators reflecting a technological … by asset type allowed us to do carry out a Growth Accounting exercise. As a result, we find that since 1995, the steady …
Persistent link: https://www.econbiz.de/10005035003
This article analyses the role of the new technologies in the competitiveness of Spanish industry. We exclude the energy factor and focus our attention on the impact of the ICT capital services (hardware, software and telecommunications)on the productivity of the manufacturing sectors, as well...
Persistent link: https://www.econbiz.de/10005035013
of the different sources of productivity growth, which make use of the growth accounting framework; the impact of the …
Persistent link: https://www.econbiz.de/10005036831
This paper reviews the experience of sustained growth in Spain and those countries belonging to the G7 in light of … sources of growth over the extensive period of 1970-2001, and in particular the effects of both direct and indirect technical … growth lost importance. …
Persistent link: https://www.econbiz.de/10005040714