Showing 1 - 10 of 13
-)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
This paper attempts to investigate the linkage between the excess money supply growth and inflation in Pakistan and to … analysis indicate that there is a positive association between money growth and inflation. The money supply growth at first …-round affects real GDP growth and at the second round it affects inflation in Pakistan. The important finding from the analysis is …
Persistent link: https://www.econbiz.de/10005835649
The study focused on the importance of remittances inflow and its implication for economic growth and poverty reduction … in Pakistan. By using ARDL approach we analyze the impact of remittances inflow on economic growth and poverty in … evidence shows that remittances effect economic growth positively and significantly. Furthermore the study also finds that …
Persistent link: https://www.econbiz.de/10008498498
This paper empirically investigates the impact of trade and financial liberalization on economic growth in Pakistan … in enhancing growth in Pakistan in the long-run. However, the short-run response of real deposit rate and trade policy …
Persistent link: https://www.econbiz.de/10005619668
The study investigates relevant significance of various economic determinants for inflows of worker’s remittances to Pakistan. Following precedence from the policy index developed by Burnside and Dollar (2000), we develop a policy index for Pakistan and use it as a proxy for estimating the...
Persistent link: https://www.econbiz.de/10011168474