the investment rate and the wage share of income in the long run. It is shown that a rising benchmark interest rate …

demand, i.e. investment, consumption and net exports. Since increasing shareholder power and shareholder value orientation of … important result is the emergence of 'profits without investment' demand and growth regimes, for which we point out the … variants of 'profits without investment' demand and growth regimes in finance-dominated capitalism. We review the different …

, as well as on the effects of increasing "shareholder value orientation" of management's investment decisions. An isolated … increase in the "shareholder value orientation" of management's investment decisions has a uniquely negative effect on capacity … investment and the saving function of the models. "Profits without investment", the "intermediate" case in both models, is a …

reasons that loose monetary policy targeting low interest rates will only be effective in promoting investment in a scenario … ineffective in fostering investment during the period 2008-2018. Therefore, monetary policy seems insufficient to promote … investment and growth. Both expansionary fiscal policy and legal reforms that control shareholder power are needed. …

stylized facts of 'finance-dominated capitalism': a fall in animal spirits of the firm sector with respect to real investment …