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Germany's post-2000 stagnation in the European context - a lesson in macroeconomic mismanagement
Hein, Eckhard; Truger, Achim - 2006
In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
Persistent link: https://www.econbiz.de/10003744530
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European monetary union : nominal convergence, real divergence and slow growth? ; an investigation into the effects of changing macroeconomic policy institutions associated with mo...
Hein, Eckhard; Truger, Achim - 2002
It is by now widely accepted that the structural characteristics of the countries to become the euro area did not adhere to the conditions of an optimum currency area (OCA) when the euro was introduced in 1999. However, the satisfaction of OCA criteria may not be required for a workable currency...
Persistent link: https://www.econbiz.de/10010486803
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Strong exports and low interest rates drive Euroland's economy
Gern, Klaus-Jürgen; Meier, Carsten-Patrick; Scheide, … - 1999
Persistent link: https://www.econbiz.de/10001407507
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Upswing in Europe gains momentum, but unemployment remains high
Gern, Klaus-Jürgen; Scheide, Joachim; Schlie, Markus - 1997
Persistent link: https://www.econbiz.de/10000640321
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Finanzmarktorientierung - ein Investitions- und Wachstumshemmnis?
Hein, Eckhard; Treeck, Till van - 2008
In dem Report werden die möglichen mittel- bis langfristigen Investitions- und Wachstumswirkungen der strukturellen Veränderungen des deutschen Finanzsystems, ausgehend von einer Reihe von Gesetzesreformen seit Beginn der 1990er Jahre, untersucht. Ein Vergleich mit den USA zeigt dabei, dass...
Persistent link: https://www.econbiz.de/10003744516
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Interest, debt and capital accumulation - a Kaleckian approach ; paper presented at the conference "Understanding Economic Growth: New Directions in Theory and Policy", Downing Col...
Hein, Eckhard - 2005
In the present paper we explicitly introduce interest payments and debt into a Kaleckian distribution and growth model with an investment function very close to Kalecki's original writings. The effects of interest rate variations on the short-run equilibrium values of capacity utilisation,...
Persistent link: https://www.econbiz.de/10003744524
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On the (in-)stability and the endogeneity of the "normal" rate of capacity utilisation in a post-Keynesian/Kaleckian "monetary" distribution and growth model
Hein, Eckhard - 2006
In Kaleckian models of distribution and growth the equilibrium rate of capacity utilisation may persistently diverge from the "normal rate" of utilisation. We assess this problem following the approach by Dumenil/Levy (1999) who consider the "normal rate" of utilisation in a monetary production...
Persistent link: https://www.econbiz.de/10003744529
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Distribution and growth reconsidered - empirical results for Austria, France, Germany, the Netherlands, the UK and the USA
Hein, Eckhard; Dräger, Lena - 2007
In dem Aufsatz wird der Zusammenhang zwischen funktionaler Einkommensverteilung und Wirtschaftswachstum in Österreich …
Persistent link: https://www.econbiz.de/10003744536
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Distribution and growth in France and Germany : single equation estimations and model simulations based on the Bhaduri/Marglin-model
Hein, Eckhard; Dräger, Lena - 2007
In dem Aufsatz wird der Zusammenhang zwischen funktionaler Einkommensverteilung und Wirtschaftswachstum in Frankreich … das Wirtschaftswachstum zu ermitteln. Da in diesem Ansatz jedoch Wechselwirkungen zwischen den Nachfrageaggregaten … ab. Während in den Einzelgleichungsschätzungen das Wirtschaftswachstum in Deutschland stärker lohngetrieben als in …
Persistent link: https://www.econbiz.de/10003744537