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Demand and growth regimes in finance-dominated capitalism and the role of the macroeconomic policy regime: a post-Keynesian comparative study on France, Germany, Italy and Spain be...

Hein, Eckhard; Martschin, Judith - In: Review of Evolutionary Political Economy 2 (2021) 3, pp. 493-527

We contribute to the recent debates on demand and growth regimes in modern finance-dominated capitalism linking them to the post-Keynesian research on macroeconomic policy regimes. We examine the demand and growth regimes, as well as the macroeconomic policy regimes for the big four Eurozone...

Persistent link: https://www.econbiz.de/10014502094

A multi-speed Europe: is it viable? A stock-flow consistent approach

Mazier, Jacques; Valdecantos, Sebastian - In: European Journal of Economics and Economic Policies: … 12 (2015) 1, pp. 93-112

Based on the hypothesis that states that the underlying cause of the crisis in the euro area is a combination of exchange-rate misalignments with uncoordinated wage policies, we explore different exchange-rate arrangements that may help to reduce imbalances between surplus and deficit countries....

Persistent link: https://www.econbiz.de/10014363227

Some Kaleckian remarks on modern monetary theory in light of a paper by Drumetz/Pfister

Sawyer, Malcolm C. - In: European Journal of Economics and Economic Policies: … 20 (2023) 1, pp. 67-77

This paper provides remarks on modern monetary theory (MMT) from a Kaleckian perspective in response to a paper by Drumetz/Pfister. The distinction between initial financing and final financing is drawn up to argue for clear separation of how expenditure is financed and funded, and pointing to...

Persistent link: https://www.econbiz.de/10014441463

Karl Marx: an early post-Keynesian? A comparison of Marx's economics with the contributions by Sraffa, Keynes, Kalecki and Minsky

Hein, Eckhard - In: European Journal of Economics and Economic Policies: … 16 (2019) 2, pp. 238-259

This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an 'ex post … is made to study in a systematic way whether and to what extent Sraffa, Keynes, Kalecki and Minsky were individually …, relying on an interpretation of Marx's theory of value as a 'monetary theory of value'. Next, some light is shed on the Marx–Kalecki …

Persistent link: https://www.econbiz.de/10014363354

Secular stagnation or stagnation policy? A post-Steindlian view

Hein, Eckhard - In: European Journal of Economics and Economic Policies: … 13 (2016) 2, pp. 160-171

The current debate on secular stagnation is suffering from some vagueness and several other shortcomings. The same is true for the economic policy implications. Therefore, I provide an alternative view on stagnation tendencies based on Josef Steindl's contributions. In particular Steindl's...

Persistent link: https://www.econbiz.de/10014363263

Varieties of demand and growth regimes – post-Keynesian foundations

Hein, Eckhard - In: European Journal of Economics and Economic Policies: … 20 (2023) 3, pp. 410-443

perspective, we distinguish the Kalecki–Steindl approach and the Sraffian supermultiplier approach as relevant theoretical …

Persistent link: https://www.econbiz.de/10014481023

From export boom to private debt bubble: a macroeconomic policy regime assessment of Canada's shifting growth regime

Klassen, Theodore - In: European Journal of Economics and Economic Policies: … 21 (2024) 1, pp. 73-89

This paper examines the emergence of private debt-led growth in Canada since the Global Financial Crisis (GFC) by means of a growth regime and macroeconomic policy regime assessment. Examining each of the four business cycles in the 1983-2020 period, roughly encompassing the entirety of the...

Persistent link: https://www.econbiz.de/10014518643

The static demand multipliers in a joint production framework: Comparative findings for the Greek, Spanish and Eurozone economies

Mariolis, Theodore; Ntemiroglou, Nikolaos; Soklis, George - In: Journal of Economic Structures 7 (2018) 18, pp. 1-20

This paper uses input-output data from Supply and Use Tables for the year 2010 and provides empirical estimations of the static demand multipliers in a joint production framework for two representative Southern Eurozone economies, i.e., Greece and Spain, and for the Eurozone economy as a whole....

Persistent link: https://www.econbiz.de/10011991452

Nicholas Kaldor and Kazimierz Łaski on the pitfalls of the European integration process

Landesmann, Michael A. - In: European Journal of Economics and Economic Policies: … 16 (2019) 3, pp. 344-369

Nicholas Kaldor and Kazimierz Łaski have been two very prominent exponents of Keynesian thinking. They both contributed to the debate on European economic integration, one (Nicholas Kaldor) in the early 1970s, when there were fierce debates about the United Kingdom's entry to the European...

Persistent link: https://www.econbiz.de/10014363362

Influence of financial policy about the employment in Romania

Narcisa Roxana, Moşteanu - In: Budgetary Research Review (BRR) 3 (2011) 1, pp. 3-19

This paper aims to examine the influence of the fiscal and budgetary policy to the labour market and how to determine the movement of filled employment positions from one period to another, the gross job creation, the gross job destruction, the job reallocation and the average job vacancies. The...

Persistent link: https://www.econbiz.de/10010287560

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