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Financialization is a process whereby financial markets, financial institutions and financial elites gain greater … real sector; (2) transfer income from the real sector to the financial sector; and (3) increase income inequality and … risk of debt-deflation and prolonged recession. Financialization operates through three different conduits: changes in the …
Persistent link: https://www.econbiz.de/10003744541
The Saint Valentine's decree (1984) and the ensuing hard fought referendum (1985), which reduced the automatisms of scala mobile, started a process of redefinition of wage fixing in Italy, which culminated with the final abolition of scala mobile (1992) and the approval of Protocollo d'intesa...
Persistent link: https://www.econbiz.de/10008779168
The New Consensus approach in macroeconomics is criticised for its exclusive but unwarranted reliance on stabilising monetary policies, for its ill-designed approach to the role of wages and wage policies, and for its complete neglect of fiscal policies. From a Post-Keynesian perspective, it is...
Persistent link: https://www.econbiz.de/10003744540
Demand and Growth Regimes (DGR) and Macroeconomic Policy Regimes (MPR) frameworks have taken prominence within the post-Keynesian literature. However, the majority of studies based on these conceptual frameworks have focused on developed economies. The main contribution of this paper is to...
Persistent link: https://www.econbiz.de/10013500700
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Financialization is a process whereby financial markets, financial institutions, and financial elites gain greater … the real sector, (2) transfer income from the real sector to the financial sector, and (3) increase income inequality and … debt deflation and prolonged recession. Financialization operates through three different conduits: changes in the …
Persistent link: https://www.econbiz.de/10003727251
Persistent link: https://www.econbiz.de/10003793350
macroeconomics of financialization: stages of development approach -- The simple analytics of debt-driven business cycles … -- Deflation and inflation dynamics with debt -- Herd behavior: safety in numbers -- Short-termism: the problem of managerial … turnover -- A theory of Minsky super-cycles and financial crises -- Inside debt and economic growth -- A monetary policy …
Persistent link: https://www.econbiz.de/10010189659
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