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Unemployment, Wages and Collective Bargaining in the European Union

Hein, Eckhard; Schulten, Thorsten - 2004

unemployment is primarily caused by labour market rigidities, i.e. social institutions and regulations which prevent ?market …The paper questions the predominant view on unemployment and wages in the European Union according to which high … decades, no strictly inverse relationship between real wage growth and unemployment can be found. On the contrary …

Persistent link: https://www.econbiz.de/10010296102

Die NAIRU: Eine post-keynesianische Interpretation

Hein, Eckhard - 2003

Dem neu-keynesianischen langfristigen Gleichgewichtskonzept einer durch Strukturfaktoren des Arbeitsmarktes, der Lohnverhandlungen und der sozialen Sicherungssysteme bestimmten inflationsstabilen Arbeitslosenquote (NAIRU) wird in diesem Beitrag eine post-keynesianische Interpretation der NAIRU...

Persistent link: https://www.econbiz.de/10010306760

Monetary policy and wage bargaining in the EMU: Restrictive ECB policies, high unemployment, nominal wage restraint and rising inflation

Hein, Eckhard - 2002

. In the long run, however, the NAIRU will follow actual unemployment and is therefore also dependent on the forces … an .anti-growth-bias. of the ECB. Therefore, the Euro area was plagued with nominal wage restraint, high unemployment and …

Persistent link: https://www.econbiz.de/10010306762

Institutions and macroeconomic performance: Central bank independence, labour market institutions and the perspectives for inflation and employment in the European Monetary Union

Hein, Eckhard - 2001

and labour market institutions on macroeconomic performance are considered and the perspectives for employment and … to prevent the rate of unemployment from falling below the NAIRU. But price stability also depends on labour market … institutions. Horizontally and vertically co-ordinated wage bargaining allows for a considerable reduction of the NAIRU and hence …

Persistent link: https://www.econbiz.de/10010306768

The principle of effective demand: Marx, Kalecki, Keynes and beyond

Hein, Eckhard - 2015

The principle of effective demand, and the claim of its validity for a monetary production economy in the short and in the long run, is the core of heterodox macroeconomics, as currently found in all the different strands of post-Keynesian economics (Fundamentalists, Kaleckians, Sraffians,...

Persistent link: https://www.econbiz.de/10011381299

Financialisation, distribution, growth and crises: Long-run tendencies

Hein, Eckhard; Dodig, Nina - 2014

In this paper we review the empirical and theoretical literature on the effects of changes in the relationship between the financial sector and the non-financial sectors of the economy associated with 'financialisation' on distribution, growth, instability and crises. We take a macroeconomic...

Persistent link: https://www.econbiz.de/10010332606

Wage Bargaining and Monetary Policy in a Kaleckian Monetary Distribution and Growth Model: Trying to Make Sense of the NAIRU

Hein, Eckhard - In: Intervention. Zeitschrift fuer Ökonomie / Journal of … 03 (2006) 2, pp. 305-329

-Accelerating Inflation Rate of Unemployment (NAIRU). The short-run stability of a NAIRU is examined taking into account real debt effects of …

Persistent link: https://www.econbiz.de/10014362989

Kaleckian models of conflict inflation, distribution and employment: A comparative analysis

Hein, Eckhard; Häusler, Christoph - 2024

This paper conducts a systematic comparison of two main textbook variants within the Kaleckian tradition of post-Keynesian conflict inflation and distribution theory: the Blecker/Setterfield (2019) and Lavoie (1992, 2022) (BSL) model based on Dutt (1987), and the Hein (2023a) and...

Persistent link: https://www.econbiz.de/10014464077

Wage bargaining and monetary policy in a Kaleckian monetary distribution and growth model: trying to make sense of the NAIRU

Hein, Eckhard - 2005

Inflation Rate of Unemployment (NAIRU). The short run stability of a NAIRU is examined taking into account real debt effects of …

Persistent link: https://www.econbiz.de/10010460435

Wage bargaining and monetary policy in a Kaleckian monetary distribution and growth model: trying to make sense of the NAIRU

Hein, Eckhard - 2005

Arbeit die Rolle einer Non-Accelerating-Inflation-Rate-of-Unemployment (NAIRU) analysiert. Die kurzfristige Stabilität der … Inflation Rate of Unemployment (NAIRU). The short run stability of a NAIRU is examined taking into account real debt effects of …

Persistent link: https://www.econbiz.de/10003744527