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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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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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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
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"Financialisation" in post-Keynesian models of distribution and growth : a systematic review
Hein, Eckhard; Treeck, Till van - 2008
We review recent attempts to integrate 'financialisation' processes into Post-Keynesian distribution and growth models and distinguish three principal channels of influence: 1. objectives and finance restrictions of firms, 2. new opportunities for households' wealth-based and debt-financed...
Persistent link: https://www.econbiz.de/10003744547
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Die wachsende Bedeutung des Finanzsektors und die Folgen für Beschäftigung, Verteilung und Wachstum : die USA und Deutschland im Vergleich
Hein, Eckhard; Dünhaupt, Petra - In: WISO : Wirtschafts- und sozialpolitische Zeitschrift 31 (2008) 3, pp. 35-59
Persistent link: https://www.econbiz.de/10003762949
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Saving, investment, and current account surplus in developing Asia
Park, Donghyun; Shin, Kwanho - 2009
An integral part of global current account imbalances is the large and persistent current account surplus developing Asia has run since the 1997-1998 Asian crisis. A country's current account surplus is, by definition, equal to its net saving. The central objective of this paper is to...
Persistent link: https://www.econbiz.de/10003832264
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Financialisation in a comparative static, stock flow consistent post-Kaleckian distribution and growth model
Hein, Eckhard - 2008
Into an analytical stock-flow consistent Post-Kaleckian distribution and growth model the following transmission channels of 'financialisaton' are integrated. 1. 'Financialisation' is assumed to affect distribution between firms and rentiers in the short run, and distribution between capital and...
Persistent link: https://www.econbiz.de/10003836933