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Persistent link: https://www.econbiz.de/10001378475
explaining the interaction between private agents and fiscal authorities in the U.S., West Germany, Japan and the U.K. over the … is necessary to formally test the models' theoretical restrictions. In West Germany and Japan there is evidence that the …
Persistent link: https://www.econbiz.de/10009781505
'private demand boom' economies before the crisis, the US, the UK, and Spain, the 'export-led mercantilist' economies Germany …
Persistent link: https://www.econbiz.de/10011621286
Persistent link: https://www.econbiz.de/10001567160
explaining the interaction between private agents and fiscal authorities in the U.S., West Germany, Japan and the U.K. over the … is necessary to formally test the models ̕theoretical restrictions. In West Germany and Japan there is evidence that the …
Persistent link: https://www.econbiz.de/10001452355
Empirical research based on the Bhaduri/Marglin-variant of the Kaleckian model has recently shown that aggregate demand in many medium-sized and large open economies tends to be wage-led in the medium to long run, even in a period of increasing globalisation. In this paper we extend this type of...
Persistent link: https://www.econbiz.de/10003772369
Monetary analysis requires the introduction of monetary variables into the determination of the equilibrium values of real variables such as production, income, distribution, and accumulation. Contrary to Keynes’s research program of a „monetary theory of production”, neither the older...
Persistent link: https://www.econbiz.de/10003958507
Persistent link: https://www.econbiz.de/10001459746
Persistent link: https://www.econbiz.de/10001491915
genutzt. Ihre Wirtschaftspolitik lässt sich aber nicht 1:1 auf Deutschland, das größte Land in der Europäischen Währungsunion …,übertragen. Dennoch legen die Ergebnisse nahe, dass Deutschland mit einem anderen makroökonomischen Politik-Mix höheres Wachstum und eine … Regime" and thus had more scope for stabilisation. However, their policies cannot be adopted 1:1 by Germany, the biggest …
Persistent link: https://www.econbiz.de/10003744507