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Financialization is a process whereby financial markets, financial institutions, and financial elites gain greater … influence over economic policy and economic outcomes. Financialization transforms the functioning of economic systems at both … contribute to wage stagnation. Additionally, there are reasons to believe that financialization may put the economy at risk of …
Persistent link: https://www.econbiz.de/10010266625
This paper presents a 3x3 general equilibrium model of an OLGeconomy with technological uncertainty, heterogeneous agents and quasi-homothetic preferences to analyze structural change between the real and the financial sector as well as within the financial sector. Besides the consumption and...
Persistent link: https://www.econbiz.de/10011420552
as financialization. Authors working in the heterodox tradition have raised the question whether the changing role of … term financialization and presents some stylized facts which highlight the rise of finance. Then, it proceeds by briefly … Marxian tradition are reviewed which consider financialization as the latest stage of capitalism. They highlight the …
Persistent link: https://www.econbiz.de/10011461711
Many heterodox strands of thought share both a concern with the study of different phases or growth regimes in the history of capitalism and the use of formal short-run models as an analytical tool. This text suggests that: (1) this strategy is potentially misleading; (2) that the stock-flow...
Persistent link: https://www.econbiz.de/10010276453
For the past decade, the U.S. economy has been driven not by industrial investment but by a real estate bubble. Although the United States may seem to be the leading example of industrial capitalism, its economy is no longer based mainly on investing in capital goods to employ labor to produce...
Persistent link: https://www.econbiz.de/10010281706
The 2008 global financial crisis was the consequence of the process (1) of financialization, or the creation of massive …
Persistent link: https://www.econbiz.de/10010281712
global financial crisis, which could be blamed on excessive financialization of the economy. …
Persistent link: https://www.econbiz.de/10010281714
financial sector to claim an ever-rising proportion of national income-what is sometimes called 'financialization'-as the …
Persistent link: https://www.econbiz.de/10010281715
The post-1945 mode of global integration has outlived its early promise. It has become exploitative rather than supportive of capital investment, public infrastructure, and living standards. In the sphere of trade, countries need to rebuild their self-sufficiency in food grains and other basic...
Persistent link: https://www.econbiz.de/10010281741
private sector debt in the United States and many other countries, financialization of the global economy (itself a very …
Persistent link: https://www.econbiz.de/10010286509