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Persistent link: https://www.econbiz.de/10012205637
for the future (global savings glut). Low growth is linked to slowing population growth and a declining marginal … permanently. Furthermore, we find no empirical evidence for the global savings glut and secular stagnation hypotheses. Instead …
Persistent link: https://www.econbiz.de/10012124862
The aim of this paper is to provide a Post-Keynesian view to economic theory as an alternative to traditional theory. Keynesian economics consists of an approach to economics derived mainly from the work of Keynes. It is grounded on the fields of observations of stylized facts of the economy and...
Persistent link: https://www.econbiz.de/10012210643
Opinion over the global implications of China‘s rise is divided between critics, who see it as having developed at the … of trade and reductions to the cost of financing that stem from China‘s supply of light manufactures, its demand for … Western capital and luxury goods and its high saving. The criticism implies Keynesian assumptions while proponents take a …
Persistent link: https://www.econbiz.de/10010904270
-going transition from export led growth. These alter China’s structural imbalance (its excess product supply and excess saving …
Persistent link: https://www.econbiz.de/10011171539
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Households' and firms' subjective inflation expectations play a central role in macroeconomic and intertemporal microeconomic models. We discuss how subjective inflation expectations are measured, the patterns they display, their determinants, and how they shape households' and firms' economic...
Persistent link: https://www.econbiz.de/10013271201
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fundamental problem with the world’s economy today; that problem is a global glut of savings that is either sitting idle or …
Persistent link: https://www.econbiz.de/10010227846