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The tasks of incomes policy in Keynesian employment policy: a draft

Hein, Eckhard - Volkswirtschaftliche Fakultät, … - 1996

employment policy. Here the utilization of the capital stock below normal is distinguished from full utilization and it is shown …

Persistent link: https://www.econbiz.de/10008587489

Salarios, demanda agregada y desempeño económico en Colombia: un debate no resuelto

Quintero, Loaiza; Leandro, Osmar; Ríos, Sierra; Milena, Ana - Volkswirtschaftliche Fakultät, … - 2010

and employment. Therefore, neoclassical theory tends to favor policy measures that seek to diminish real wages and …According to neoclassical economic theory, there is a negative relationship between real wages, and the level of output …

Persistent link: https://www.econbiz.de/10011259796

Debt-driven growth? Wealth, distribution and demand in OECD countries

Stockhammer, Engelbert; Wildauer, Rafael - School of Economics, Kingston University - 2015

The paper investigates the effects of changes in the distribution of income and in wealth on aggregate demand and its components. We extend the Bhaduri and Marglin (1990) model to include personal income inequality as well as asset prices and debt. This allows for an evaluation of the wage or...

Persistent link: https://www.econbiz.de/10011195836

Debt-driven growth? Wealth, distribution and demand in OECD countries

Stockhammer, Engelbert; Wildauer, Rafael - Post Keynesian Economics Study Group - PKSG - 2015

Persistent link: https://www.econbiz.de/10011201286

The possible perverse effects of declining wages

Lavoie, Marc - In: International Journal of Pluralism and Economics Education 1 (2010) 3, pp. 260-275

Central bankers fear deflation but this is incomprehensible within the standard AS/AD framework based on a real wealth effect. This framework is amended by introducing debt effects that reduce aggregate demand when prices fall, as emphasised long ago by Keynes, Kalecki and Fisher, thus showing...

Persistent link: https://www.econbiz.de/10009352729

Unequal Spending, Aggregate Demand and International Financial Stability

Gray, H. Peter - In: CESifo Forum 6 (2005) 1, pp. 24-28

Persistent link: https://www.econbiz.de/10004998582

Adopting the Euro in Central Europe; Challenges of the Next Step in European Integration

International Monetary Fund (IMF); International … - 2005

Upon entry into the European Union, countries become members of the Economic and Monetary Union (EMU), with a derogation from adopting the euro as their currency (that is, each country joining the EU commits to replace its national currency with the euro, but can choose when to request...

Persistent link: https://www.econbiz.de/10005767345

Australia; Background Material

International Monetary Fund (IMF); International … - 1995

evolutionary reform of the industrial relations system. The paper reviews developments in employment, wages, and productivity in …

Persistent link: https://www.econbiz.de/10005768464

Germany; 2005 Article IV Consultation: Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Germany

International Monetary Fund (IMF); International … - 2006

This 2005 Article IV Consultation highlights that economic activity in Germany is slowly picking up, and there is scope for some further firming of growth in the course of 2006. The recovery, however, remains unbalanced, and strong exports have yet to feed through into higher household spending....

Persistent link: https://www.econbiz.de/10005825476

THE INFLUENCE OF FINAL CONSUMPTION ON EMPLOYMENT IN ROMANIA

Emilia, Herman - In: Annals of Faculty of Economics 2 (2008) 1, pp. 870-875

theory is not valid as regards the relationship between consumption and employment. …The economic theory and practice proves that between the final consumption, the main component of aggregate demand and … the employment level in a country, as a rule a directly proportional relationship is set. In the present study, first of …

Persistent link: https://www.econbiz.de/10008471825