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
Country specific time series models of the determinants of output for the small developing island countries in the Pacific region are relatively few. This paper explores the applicability of the framework underlying Solow (1956) to analyze the determinants output in Kiribati for the period...
Persistent link: https://www.econbiz.de/10005836048
on the growth effects of overseas development aid. This paper argues that the specifications used in these works are not … depends on time as well as the aid ratio. Our empirical results show that the effect of aid on the steady state growth rate is …
Persistent link: https://www.econbiz.de/10005836524
Development economists believe that migrant workers’ remittances are an important source of funds for long run growth …. Therefore, recent studies have investigated the growth effects of remittances and reached different conclusions. In many such … studies the growth of output is simply regressed on both remittances and the channels through which remittances affect growth …
Persistent link: https://www.econbiz.de/10008574611
Many development economists believe that remittances by the migrant workers are an important source of long rum growth …. Therefore, recent studies have investigated the indirect and direct effects remittances on the growth rates of the recipient …. It is found that while the evidence supports the indirect effects of remittances, the direct growth effects of …
Persistent link: https://www.econbiz.de/10008559304