Showing 1 - 10 of 94
Netherlands, the UK and the USA from 1960 until 2005. The analysis is based on a demand-driven distribution and growth model for …We analyse the relationship between functional income distribution and economic growth in Austria, France, Germany, the … France, Germany, the UK, and the USA has been wage-led, whereas Austria and the Netherlands have been profit-led. In the case …
Persistent link: https://www.econbiz.de/10003744536
-Keynesian conflict inflation and distribution theory: the Blecker/Setterfield (2019) and Lavoie (1992, 2022) (BSL) model based on Dutt … in wage- and price-inflation equations. BSL variants generally yield stable price Phillips curves, stable distribution … flat Phillips curves, stable distribution and employment curves, and hence stable equilibria in the HS approach. …
Persistent link: https://www.econbiz.de/10014464077
In a Kaleckian distribution and growth model with workers' debt we examine the short- and long-run effects of three … in capital stock, re-distribution of income at the expense of the wage share, and increasing lending of rentiers to …
Persistent link: https://www.econbiz.de/10010309123
Focussing on the long-run effects of 'financialisation' and increasing shareholder power in a simple Post-Kaleckian endogenous growth model, we examine the effects of increasing shareholder power on the demand regime, on the productivity regime, and on the overall regime of the model. Under...
Persistent link: https://www.econbiz.de/10010309125
firm sector in a simple Kaleckian distribution and growth model. In particular we show that rising (falling) capital … debt'. Therefore, the treatment of the rate of interest as an exogenous macroeconomic distribution parameter in Post …-Keynesian distribution and growth models seems to be well founded. …
Persistent link: https://www.econbiz.de/10010309126
be identified: inefficient regulation of financial markets, increasing inequality in the distribution of income, and … rising imbalances at the global (and at the Euro area) level. The focus of the paper is on the changes in distribution … dimensions of re-distribution in the course of 'financialisation' and 'neo-liberalism' are examined: functional distribution …
Persistent link: https://www.econbiz.de/10010309128
profit in a simple post-Kaleckian distribution and growth model. This model gives rise to different potential accumulation … regimes depending on the values of the parameters in the investment, saving and distribution function. Estimating these core …
Persistent link: https://www.econbiz.de/10010309130
. Therefore, two major features of finance-dominated capitalism, the increasing inequality of income distribution and the rising …
Persistent link: https://www.econbiz.de/10010309812
increasing inequality of income distribution and the rising imbalances of current accounts. Against this background, the euro …
Persistent link: https://www.econbiz.de/10010318629
-run macroeconomics and provide a simple short-run model, which is built on the principle of effective demand, as well as on distribution …/post-Keynesian approaches towards distribution and growth, the Kaldor-Robinson, the Kalecki-Steindl and the Sraffian Supermultiplier model. …
Persistent link: https://www.econbiz.de/10014584244