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Persistent link: https://www.econbiz.de/10001399049
The paper uses Minsky’s financial instability hypothesis as an analytical framework for understanding the subprime mortgage crisis and for introducing adequate reforms to restore economic stability. We argue that the subprime crisis has structural origins that extend far beyond the housing and...
Persistent link: https://www.econbiz.de/10003773521
Keynes had an on the spotʺ approach to full employment, where the problem of unemployment is solved via direct job creation …
Persistent link: https://www.econbiz.de/10003773510
Recently, national newspapers all over the world have suggested that we should reread John Maynard Keynes, and that Hyman P. Minsky provides a valuable framework for understanding the world in which we live. While rereading Keynes and discovering Minsky are noble goals, one should also remember...
Persistent link: https://www.econbiz.de/10003773518
Keynes had an on the spot approach to full employment, where the problem of unemployment is solved via direct job creation …
Persistent link: https://www.econbiz.de/10014215947
the generosity of unemployment benefits (UB) and short-time work. This paper aims to contribute to the theoretical … unemployment benefits and increasing search efforts, b) a fiscal stimulus and c) short-time work. In contrast to other studies that … from the heterogeneity of agents. I find four main results: 1) a) has nearly no effect on unemployment in the short run and …
Persistent link: https://www.econbiz.de/10012214516
Persistent link: https://www.econbiz.de/10009657480
wages tend to increase (i) unemployment, (ii) functional income inequality, and (iii) personal income inequality. We further …
Persistent link: https://www.econbiz.de/10011509121
Unemployment is usually explained with reference to the equilibrium of supply and demand in the labour market. This …
Persistent link: https://www.econbiz.de/10013037801
compressing wages tend to increase (i) unemployment, (ii) functional income inequality, and (iii) personal income inequality. We …
Persistent link: https://www.econbiz.de/10012987633