Showing 1 - 10 of 12
-)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
benefit from rapid economic growth, but concerns have been expressed about a potential increase in inequality. Two household … to rapid growth. …
Persistent link: https://www.econbiz.de/10005836273
Conflicts and political instability have been serious constraints to growth in Guinea-Bissau. Of special concern was …
Persistent link: https://www.econbiz.de/10005836854
was due in large part to macroeconomic volatility that depressed private investment and growth. Using cross-sectional data … for 87 countries, we show that real per-capita growth over the period 1980–1994 was a function of productivity growth and … investments). When comparing Nigeria to high growth nations, we find that most of the growth differential can be attributed to …
Persistent link: https://www.econbiz.de/10005617087
Africa in order to contribute to an assessment of the benefits of growth (or the cost of a lack of growth) for poverty … achieved high levels of growth in the 1990s, and that also experienced important reductions in poverty, even though growth was … Cape Verde) that also achieved high levels of growth in the 1990s, but where due to data and methodological issues, there …
Persistent link: https://www.econbiz.de/10005621548