Showing 1 - 8 of 8
lessons learned in the global financial crises and the Eurozone debt crises, there's an increasing role of macroprudential … transmission. Authorities also deployed strong fiscal policies which encompassed from tax holidays to direct transfers to …
Persistent link: https://www.econbiz.de/10013188926
This paper argues that the re-emergence of stagnation tendencies in modern capitalism can be related to financialisation and its macroeconomic failures leading to the recent crises, and in particular to the macroeconomic responses towards the crisis and the respective regime shifts in mature...
Persistent link: https://www.econbiz.de/10011661571
and on the current and capital accounts. We distinguish three regimes, the debt-led private demand boom, the export … crisis. We show that the dominance of the debt-led private demand boom regime, on the one hand, and the export … shift towards export-led mercantilist regimes and a move towards domestic demand-led regimes stabilized by government debt …
Persistent link: https://www.econbiz.de/10012291079
In this contribution, we review the research on the variety of macroeconomic demand and growth regimes in finance-dominated capitalism, on the regime shifts in the course of and after the 2007-09 crises, the drivers of these shifts and on the emerging stagnation tendencies. Results of this...
Persistent link: https://www.econbiz.de/10013448636
This paper seeks to understand the extent financialisation has had an impact on the rental housing market in Berlin. Specifically, it focuses on the financialisation of non-financial rental housing companies. The financial statements of five large, publicly listed, commercial rental housing...
Persistent link: https://www.econbiz.de/10012415587
regimesemerge, depending on the institutional setting of the respective model economy:the debt-led private demand boom regime (DLPD … government deficits, on the one hand, andELMregimes, on the other, depending ontherequired deleveraging of private household debt …
Persistent link: https://www.econbiz.de/10012696153
In several publications, starting more than a decade ago, Peter Flaschel and co-authors have outlined the features of a 'social capitalism' as a normative alternative to the liberal and financialised capitalism of the Anglo-Saxon type, but also to the undemocratic Chinese-type of state...
Persistent link: https://www.econbiz.de/10013393481
perspective. This is shown by means of examining the effect of increasing capital accumulation on the debt-capital ratio of the … accumulation may be associated with a falling (rising) debt-capital ratio for the economy as a whole and hence with the 'paradox of … debt'. Therefore, the treatment of the rate of interest as an exogenous macroeconomic distribution parameter in Post …
Persistent link: https://www.econbiz.de/10009549797