Focussing on the long-run effects of 'financialisation' and increasing shareholder power in a simple Post … outcome of 'financialisation' rising shareholder power and pronounced shareholder value orientation. -- Financialisation … ; distribution ; capital accumulation ; productivity growth ; Kaleckian model …

The macroeconomic effects of "financialisation" are assessed applying two different variants of a Kaleckian model of … distribution and growth. The focus is on the effects of changes in distribution between shareholders/rentiers, firms and workers … growth.A revised version of this paper was published as: Hein, E., van Treeck, T. (2010): Financialisation and rising …

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 … financial crisis due to systemic stock-flow or stock-stock dynamics. -- Finance-dominated capitalism ; distribution ; household …

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 …

channels of 'financialisaton' are integrated. 1. 'Financialisation' is assumed to affect distribution between firms and …Into an analytical stock-flow consistent Post-Kaleckian distribution and growth model the following transmission … rentiers in the short run, and distribution between capital and labour through a dividend-elastic mark-up in firms' price …

-regulation and downsizing of the financial sector, the re-distribution of income (and wealth) from top to bottom and from capital to …

The re-distribution of income from labour to capital, from workers to top-managers, and from low income households to … discussion about stagnation tendencies in capitalist economies. In orthodox approaches income distribution only has a restricted … role to play, if at all, but the interaction between distribution and growth is at the centre of Marxian and post …

examine the channels of influence of financialisation on distribution and on the different components of private aggregate …We review post-Keynesian assessments of the macroeconomic demand and growth impacts of financialisation. First, we … of financialisation in the context of the postKeynesian theory of the firm and explain the other channels from there. An …

We review recent attempts to integrate 'financialisation' processes into Post-Keynesian distribution and growth models … opportunities for households' wealth-based and debt-financed consumption, and 3. distribution between capital and labour, on the one … of the firm we bridge the gap between micro- and macro-analysis of 'financialisation' and we trace the main …

We analyse the relationship between functional income distribution and economic growth in Austria, France, Germany, the … Netherlands, the UK and the USA from 1960 until 2005. The analysis is based on a demand-driven distribution and growth model for … of Austria a domestically wage-led economy is turned profit-led when including the effect of distribution on external …