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In the era of financialisation, increasing income inequality could be observed in most developed and many developing … consumption in order to compensate for the potential lack of demand (associated with the depressing effect of financialisation … through which financialisation is expected to affect a countries development, a theoretical discussion on the conditions that …
Persistent link: https://www.econbiz.de/10011449155
Borrower-based macroprudential (MP) policies - such as caps on loan-to-value (LTV) ratios and debt-service-to-income (DSTI) limits - contain the build-up of systemic risk by reducing the probability and conditional impact of a crisis. While LTV/DSTI limits can increase inequality at...
Persistent link: https://www.econbiz.de/10012547560
An increase in the wage share has contradictory effects on the subaggregates of aggregate demand. Private consumption expenditures ought to increase because wage incomes typically are associated with higher consumption propensities than capital incomes. Investment expenditures ought to be...
Persistent link: https://www.econbiz.de/10014211364
wages) in some countries of the eurozone (in particular, Greece, Ireland, Italy, Portugal, and Spain) to exit the crisis may … countries studied, the labor share increased in one (Greece), declined in nine, and remained constant in two. We speculate that …
Persistent link: https://www.econbiz.de/10010281700
wages) in some countries of the eurozone (in particular, Greece, Ireland, Italy, Portugal, and Spain) to exit the crisis may … countries studied, the labor share increased in one (Greece), declined in nine, and remained constant in two. We speculate that …
Persistent link: https://www.econbiz.de/10008906594
wages) in some countries of the eurozone (in particular, Greece, Ireland, Italy, Portugal, and Spain) to exit the crisis may … countries studied, the labor share increased in one (Greece), declined in nine, and remained constant in two. We speculate that …
Persistent link: https://www.econbiz.de/10014185411
wages) in some countries of the eurozone (in particular, Greece, Ireland, Italy, Portugal, and Spain) to exit the crisis may … countries studied, the labor share increased in one (Greece), declined in nine, and remained constant in two. We speculate that …
Persistent link: https://www.econbiz.de/10008835432
In this paper the euro crisis is viewed as the most recent episode of the crisis of financedominated capitalism. Therefore, two major features of finance-dominated capitalism, the increasing inequality of income distribution and the rising imbalances of current accounts, are analysed for a set...
Persistent link: https://www.econbiz.de/10009572209
Persistent link: https://www.econbiz.de/10011717425
Persistent link: https://www.econbiz.de/10014010973