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Re-Distribution, Aggregate Demand, and Growth in an Open Economy: The Crucial Interaction of Portfolio Considerations and External Account Constraints
Razmi, Arslan - Department of Economics, University of Massachusetts-Amherst - 2014
A large body of literature inspired by the seminal contribution of Marglin and Bhaduri (1988) has debated the distributional determinants of demand and growth. A general conclusion has been that open economy considerations weaken the potential for a wage-led growth regime. How- ever, this...
Persistent link: https://www.econbiz.de/10011079320
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Demand regimes and income distribution reconsidered in an open economy portfolio balance framework
Razmi, Arslan - In: Journal of post-Keynesian economics : JPKE 39 (2016) 4, pp. 516-538
Persistent link: https://www.econbiz.de/10011700677
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Growth and distribution in low-income economies : modifying post-Keynesian analysis in light of theory and history
Razmi, Arslan - In: Review of Keynesian economics 4 (2016) 4, pp. 429-449
Persistent link: https://www.econbiz.de/10011732523
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Re-Distribution, Aggregate Demand, and Growth in an Open Economy: The Crucial Interaction of Portfolio Considerations and External Account Constraints
Razmi, Arslan - 2014
A large body of literature inspired by the seminal contribution of Marglin and Bhaduri (1988) has debated the distributional determinants of demand and growth. A general conclusion has been that open economy considerations weaken the potential for a wage-led growth regime. How- ever, this...
Persistent link: https://www.econbiz.de/10010457038
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Is the nature of the demand regime relevant over the medium run? Some thoughts on the dynamic interaction between the exchange rate and demand regimes
Razmi, Arslan - 2015
Is growth in capitalist economies wage-led or profit-led? Empirical studies have found conflicting results for different countries and periods. Possible reasons may include differences in the monetary policy/exchange rate regimes across countries and between macro behavior in the short- and...
Persistent link: https://www.econbiz.de/10011788878
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Growth and distribution in low income economies: Modifying post Keynesian analysis in light of theory and history
Razmi, Arslan - 2015
Growth in low-income developing economies with large sectors charac- terized by underemployment is unlikely to be wage-led in the traditional neo-Kaleckian sense of the term. Output and employment in the sectors of the economy producing non-tradable output could be demand-led, how- ever, and...
Persistent link: https://www.econbiz.de/10011788883
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Is the nature of the demand regime relevant over the medium run? : some thoughts on the dynamic interaction between the exchange rate and demand regimes
Razmi, Arslan - 2015
Is growth in capitalist economies wage-led or profit-led? Empirical studies have found conflicting results for different countries and periods. Possible reasons may include differences in the monetary policy/exchange rate regimes across countries and between macro behavior in the short- and...
Persistent link: https://www.econbiz.de/10011522156
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Growth and distribution in low income economies : modifying post Keynesian analysis in light of theory and history
Razmi, Arslan - 2015
Growth in low-income developing economies with large sectors charac- terized by underemployment is unlikely to be wage-led in the traditional neo-Kaleckian sense of the term. Output and employment in the sectors of the economy producing non-tradable output could be demand-led, how- ever, and...
Persistent link: https://www.econbiz.de/10011522170
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Re-distribution, aggregate demand, and growth in an open economy : the crucial interaction of portfolio considerations and external account constraints
Razmi, Arslan - 2014
A large body of literature inspired by the seminal contribution of Marglin and Bhaduri (1988) has debated the distributional determinants of demand and growth. A general conclusion has been that open economy considerations weaken the potential for a wage-led growth regime. However, this...
Persistent link: https://www.econbiz.de/10010426603