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Growth, cycles and residential investment
Santetti, Marcio; Nikiforos, Michalis; Von Arnim, Rudiger - 2022
The empirical literature on neo-Goodwinian models of growth and distribution still lacks an explicit treatment of …
Persistent link: https://www.econbiz.de/10013448820
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Demand regimes and the business-cycle : feedback effects between capacity utilization and income distribution taking into account overhead labor : SVAR-estimates for Germany (2007...
Hansen, Mads R. - 2024
In this paper, Structural Vector Autoregressive (SVAR) models of quarterly data between 2007 and 2021 are estimated to assess short-term regimes of aggregate demand and distribution in Germany. The obtained Impulse Response Functions (IRFs) of the conventional neo-Goodwinian baseline case, with...
Persistent link: https://www.econbiz.de/10014490713
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On the way to the Great Depression : the demand regime of the US economy (1900-1929)
Borazan, Ahmad A - 2015
growth, and that of the era before the Great Depression. However, no study of the demand regime has been done for the early …
Persistent link: https://www.econbiz.de/10011343023
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The distributive cycle : evidence and current debates
Barrales-Ruiz, Jose; Mendieta-Muñoz, Ivan; Rada, Codrina; … - 2021
chapter titled "A growth cycle." We review theoretical motivations for the distributive cycle, which, despite significant …
Persistent link: https://www.econbiz.de/10012581571
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The distributive cycle : evidence and current debates
Barrales-Ruiz, Jose; Mendieta-Muñoz, Ivan; Rada, Codrina; … - 2020
chapter titled "A growth cycle." We review theoretical motivations for the distributive cycle, which, despite significant …
Persistent link: https://www.econbiz.de/10012286094
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Classical and Keynesian models of inequality and stagnation
Rada, Codrina; Tavani, Daniele; Von Arnim, Rudiger; … - 2022
This paper studies two formal models of long run growth with a medium-run distributive cycle, both of which feature … consistent with the observed decline of the labor share, the income-capital ratio, and labor productivity growth during the … neoliberal era. Importantly, both theories: (a) provide space for mutually reinforcing pro-labor and pro-growth policies in the …
Persistent link: https://www.econbiz.de/10014327602
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Reorienting fiscal policy : a critical assessment of fiscal fine-tuning
Tcherneva, Pavlina R. - 2013
The present paper offers a fundamental critique of fiscal policy as it is understood in theory and exercised in practice. Two specific demand-side stabilization methods are examined here: conventional pump priming and the new designation of fiscal policy effectiveness found in the New Consensus...
Persistent link: https://www.econbiz.de/10009787031
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Endogenous business cycles and economic policy
Skott, Peter - 2023
distribution, investment, aggregate demand and output. A baseline version of the model can generate endogenous growth cycles, but …
Persistent link: https://www.econbiz.de/10014229828
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Appropriate fiscal policy over the business cycle : proper stimulus policies can work
Graves, Philip E. - 2010
Fiscal policy has become quite controversial in the post-Keynesian era, the debate over the Obama stimulus package being a contentious recent example. Some pundits go so far as to take the position that macroeconomic theory has failed to meaningfully progress in terms of providing useful...
Persistent link: https://www.econbiz.de/10008653412
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Fiscal policy, unemployment insurance, and financial crises in a model of growth and distribution
Hannsgen, Greg - 2012
Recently, some have wondered whether a fiscal stimulus plan could reduce the government's budget deficit. Many also worry that fiscal austerity plans will only bring higher deficits. Issues of this kind involve endogenous changes in tax revenues that occur when output, real wages, and other...
Persistent link: https://www.econbiz.de/10009534182