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In a Kaleckian monetary distribution and growth model with conflict inflation we assess the role of a Non … rate tool is analysed. The problem of long-run endogeneity of the NAIRU is addressed integrating the long-run distribution …
Persistent link: https://www.econbiz.de/10014362989
liberalisation in the developing countries, and the effects of crises and exchange rate volatility on functional income distribution …
Persistent link: https://www.econbiz.de/10014363018
Financialisation in Iceland should be seen as an evolving process driven by a mixture of global and domestic forces …, the rise in financial activity has had profound effects on income distribution and corporate and household behaviour …. Following the 2008 financial meltdown, which was triggered by excessive growth of the financial sector, financialisation in …
Persistent link: https://www.econbiz.de/10014363274
The results of the Bhaduri-Marglin model build on the assumption of an exogenous profit share. The present paper examines critically the robustness of these results by asking how its results change if we take the endogeneity of the profit share into account. In doing so, the constituents of the...
Persistent link: https://www.econbiz.de/10014363155
This paper provides textual evidence that Boughton's interpretation of Keynes's proposals for shaping the international monetary system of the post-war period misses the point. I want to investigate two points which contradict Boughton's interpretation published by the International Monetary...
Persistent link: https://www.econbiz.de/10014362946
financialization, income distribution, accumulation and productivity. First, at the core of secular stagnation lies the missing link …
Persistent link: https://www.econbiz.de/10014363268
conditions in which the debt-capital ratio, the income distribution and the process of capital accumulation can be simultaneously …
Persistent link: https://www.econbiz.de/10011858468
This paper considers both secular and medium-run trends to argue that the US economy was already vulnerable to shocks before the COVID-19 crisis. Long-run trends have shown a pattern of secular stagnation and increasing inequality since the 1980s, while the economy has displayed hysteresis...
Persistent link: https://www.econbiz.de/10014363416
The main purpose of this paper is to show how a simple (medium-scale) empirical stock–flow consistent dynamic model can be developed from scratch. Eurostat data and conventional statistical packages (notably EViews, Excel and R) are used. On the theoretical side, the work builds upon the...
Persistent link: https://www.econbiz.de/10014363343
In modern capitalist economies, income distribution has a tendency to be in favor of shareholders. This paper … interprets pro-shareholder distribution as a decrease in the retention ratio of firms and an increase in the profit share. We …
Persistent link: https://www.econbiz.de/10014363193