Showing 1 - 10 of 10
-)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
private sector relative to GDP) and growth for a sample of 65 less developed countries over a long period, 1980-2006. Using …, the pooled mean group model and dynamic fixed effect model show two opposite long-term relationships: finance-to-growth … relationship is negative whereas growth-to-finance link is positive. …
Persistent link: https://www.econbiz.de/10009277852
The present study examines the relationship between openness (trade-GDP ratio) and growth. Our cross-country panel data …-dependent countries a higher real growth is associated with a higher trade share. Time series study of individual country experiences … long-term relationship between openness and growth during 1961-2002. Our study of the experience of various regions and …
Persistent link: https://www.econbiz.de/10005837295
-requisite to growth. This paper uses ARDL approach to cointegration and examines the relationships between growth and trade … relationship between the growth rate of real GDP or per capita real GDP and trade openness. …
Persistent link: https://www.econbiz.de/10005621545
capitalization as a percentage of GDP- an important indicator of stock market development- has no relationship with the growth rates … no meaningful relationship between the stock market turnover ratio and the growth of capital accumulation (GGKF). For 5 …
Persistent link: https://www.econbiz.de/10005623269