Showing 1 - 10 of 16
-)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
The aim of present paper is to examine the role of financial development on FDI-Growth nexus using annual data over the … development stimulates economic growth for the case of Portugal. Foreign direct investment also good promoter of economic growth … investment. Inflation declines economic growth. …
Persistent link: https://www.econbiz.de/10009325604
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
This paper examines the relationship between natural gas consumption and economic growth in Pakistan using a … (0.49) on economic growth is greater than other factor inputs suggesting that energy is a critical driver of production … and growth in Pakistan. Furthermore, the results of causality test and variance decomposition analysis suggest a …
Persistent link: https://www.econbiz.de/10009372499
This study investigates the relationship between energy consumption and economic growth by incorporating financial … international trade have positive impact on economic growth. The Granger causality analysis revealed that unidirectional causal … relationship running from energy consumption to economic growth. Financial development and energy consumption Granger cause each …
Persistent link: https://www.econbiz.de/10011107658
This study examines the linkages among economic growth, energy consumption, financial development, trade openness and … break stemming in the series. The empirical findings indicate that economic growth and energy consumption increases CO2 … hypothesis between energy consumption and CO2 emissions. Economic growth and CO2 emissions are also interrelated i …
Persistent link: https://www.econbiz.de/10011109535