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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

Distribution and growth reconsidered - empirical results for Austria, France, Germany, the Netherlands, the UK and the USA

Hein, Eckhard; Dräger, Lena - 2007

, Frankreich, Deutschland, den Niederlanden, Großbritannien und den USA für den Zeitraum von 1960 bis 2005 untersucht. In Anlehnung …, dass das Wachstum in Frankreich, Deutschland, Großbritannien und den USA lohngetrieben war, wohingegen Österreich und die …

Persistent link: https://www.econbiz.de/10003744536

Distribution and growth in France and Germany : single equation estimations and model simulations based on the Bhaduri/Marglin-model

Hein, Eckhard; Dräger, Lena - 2007

und Deutschland für den Zeitraum von 1960 bis 2005 untersucht. In Anlehnung an Bhaduri/Marglin (1990) wird ein … Einzelgleichungsschätzungen folgt, dass das Wachstum in Frankreich und Deutschland lohngetrieben war. Durch den Simulationsansatz wird dieses … ab. Während in den Einzelgleichungsschätzungen das Wirtschaftswachstum in Deutschland stärker lohngetrieben als in …

Persistent link: https://www.econbiz.de/10003744537

Fiscal policy in the macroeconomic policy mix : a critique of the new consensus model and a comparison of macroeconomic policies in France, Germany, the UK and Sweden from a post-K...

Hein, Eckhard; Truger, Achim - 2008

Politik in Frankreich, Deutschland, Schweden und Großbritannien analysiert, wobei die Finanzpolitik besonders im Mittelpunkt …

Persistent link: https://www.econbiz.de/10003744540

Distribution, aggregate demand and productivity growth : theory and empirical results for six OECD countries based on a post-Kaleckian model

Hein, Eckhard; Tarassow, Artur - 2008

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 interest rates, income shares, and investment : theory and empirical evidence for France, Germany, the UK, and the USA

Hein, Eckhard; Ochsen, Carsten - 2000

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

Finance-dominated capitalism in crisis : the case for a Global Keynesian New Deal

Hein, Eckhard; Truger, Achim - 2010

We analyse the long-run imbalances of finance-dominated capitalism underlying the present crisis - which began in 2007 - with a focus on developments in the US and Germany. We argue that beyond inefficient regulation of the financial sector, the severeness of the present crisis has been mainly...

Persistent link: https://www.econbiz.de/10009549800

Financialisation and the financial and economic crises : the case of Germany

Detzer, Daniel; Hein, Eckhard - 2014

This study on Germany examines the long-run changes between the financial and the non-financial sectors of the economy, and in particular the effects of these changes on the macroeconomic developments that have led or contributed to the financial crisis starting in 2007 and the Great Recession...

Persistent link: https://www.econbiz.de/10010433934

Finance-dominated capitalism and income distribution : a Kaleckian perspective on the case of Germany

Hein, Eckhard; Detzer, Daniel - 2014

We present an investigation into the long-run effects of financialisation on income distribution before the financial and economic crises for Germany, one of the major mercantilist export-led economies. The analysis builds on a Kaleckian approach towards the examination of the effects of...

Persistent link: https://www.econbiz.de/10010408322

Finance-dominated capitalism in Germany : deep recession and quick recovery

Detzer, Daniel; Hein, Eckhard - 2014

Germany's recent export successes and the fast recovery from the 2007 -2009 crisis made it Europe's "economic superstar" in public opinion. This paper interprets the German performance against the background of financialisation. After an examination of the pre-crisis demand and growth regime,...

Persistent link: https://www.econbiz.de/10010393475