The debate on the cyclical adjustment procedure of the debt brake has focused on problems with regards to potential output. The second key determinant of the cyclical budget component, however, has been neglected: the semi-elasticity of the budget balance, which measures the response of federal...

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...

Erster Absatz: Mit dem Ausbruch der größten Wirtschaftskrise seit den 1930er Jahren sehen manche, insbesondere heterodoxe Ökonominnen und Ökonomen, auch bereits das Ende der neoklassischen Vorherrschaft im Bereich ökonomischer Forschung und Lehre dräuen. Wie schon vor 1930 hat die...