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'Financialisation', distribution, capital accumulation and productivity growth in a post-Kaleckian model
Hein, Eckhard - 2009
Focussing on the long-run effects of 'financialisation' and increasing shareholder power in a simple Post-Kaleckian endogenous growth model, we examine the effects of increasing shareholder power on the demand regime, on the productivity regime, and on the overall regime of the model. Under...
Persistent link: https://www.econbiz.de/10009549822
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A neo-Kaleckian model of capital accumulation, income distribution and financial fragility
Ribeiro, Rafael Saulo Marques; Palludeto, Alex Wilhans … - In: Economia : revista da ANPEC 17 (2016) 3, pp. 279-290
the investment rate and the wage share of income in the long run. It is shown that a rising benchmark interest rate …
Persistent link: https://www.econbiz.de/10011865748
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The effectiveness and risks of loose monetary policy under financialisation
Feiner Solís, Sara - 2021
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. …
Persistent link: https://www.econbiz.de/10012507214
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Economy works differently Episode 1 : The indisputable proof that Keynes' Investment Multiplier is a Wrong Theory
Vanoverberghe, Didier - 2021
From its publication in The Times in 1933, John Maynard Keynes’s investment multiplier sparked much debate and … controversy. Can an investment generate 3 or 4 times its value in income within one year? To date, no one has questioned the …
Persistent link: https://www.econbiz.de/10013213793
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Financialization and capital accumulation
Medeiros, Carlos A. de; Amico, Fabian - In: Journal of economic issues 53 (2019) 2, pp. 587-594
Persistent link: https://www.econbiz.de/10012415613
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Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model
Hein, Eckhard - 2011
stylized facts of 'finance-dominated capitalism': a fall in animal spirits of the firm sector with respect to real investment …
Persistent link: https://www.econbiz.de/10009550322
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A Minskyan criticism on the shareholder pressure approach of financialisation
Dögüs, Ilhan - 2016
In this paper, the Post-Kaleckian approach on financialisation which argues that investment of Nonfinancial … will be criticized based on a Minskyan understanding of investment. It will be put forward that, reinvestment of profits in …
Persistent link: https://www.econbiz.de/10011515275
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Inequality of income and wealth in the long run : a Kaldorian perspective
Ryoo, Soon - 2015
The paper examines the determinants of income and wealth inequality in a Kaldorian model where the profit share adjusts to clear the goods market and the long-run output-capital ratio is constant. The approach is radically different from both the mainstream approach that stresses properties of...
Persistent link: https://www.econbiz.de/10011522149
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Financialisation and the slowdown of labour productivity in Portugal : a post-Keynesian approach
Correia, Diogo; Barradas, Ricardo - In: PSL quarterly review 74 (2021) 299, pp. 325-346
This paper conducts a time series econometric analysis in order to empirically evaluate the role of financialisation in the slowdown of labour productivity in Portugal during the period from 1980 to 2017. During that time, the Portuguese economy faced a financialisation phenomenon due to the...
Persistent link: https://www.econbiz.de/10013175143
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The (normal) rate of capacity utilization at the firm level
Nikiforos, Michalis - 2012
This paper examines the endogeneity (or lack thereof) of the rate of capacity utilization in the long run at the firm level. We provide economic justification for the adjustment of the desired rate of utilization toward the actual rate on behalf of a cost-minimizing firm after examining the...
Persistent link: https://www.econbiz.de/10009665519