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With our book Saving and Investment in the Twenty-First Century: The Great Divergence (published as open access), we …
Persistent link: https://www.econbiz.de/10014363427
This contribution discusses the book Saving and Investment in the Twenty-First Century: The Great Divergence by . It … theory, and it proposes an alternative based on post-Keynesian distribution and growth theory. It also reviews the economic … private saving over private investment at full employment, and an excess of the private desire to hold net financial assets …
Persistent link: https://www.econbiz.de/10014363426
Die Corona-Krise trifft die deutsche Wirtschaft mit voller Wucht. Tiefe und Breite der Rezession lassen erwarten, dass die Erholung sehr schleppend verläuft. Für einen Neustart der Wirtschaft ist ein Konjunkturprogramm notwendig. Die Bundesregierung hat ein Paket im Umfang von alles in allem...
Persistent link: https://www.econbiz.de/10012250698
The low interest rate environment is less due to monetary policy and more due to global trends in investment and … savings as well as a crisis-induced reduction in investment. Finishing the balance sheet recession can lead to a higher … interest rate level in the medium-run through higher investment. A higher natural real interest rate would enable central banks …
Persistent link: https://www.econbiz.de/10011739549
Background: Saving and investment are two of the most important tools for economic growth. The interest rate has always … been considered an important determinant of saving and investment. However, according to Islamic teachings, riba or earning … interest on saving or investment is forbidden, and thus, many Muslims try to avoid earning income from the interest rate …
Persistent link: https://www.econbiz.de/10011808216
within the Sub-Saharan African (SSA) economies. With a re-specified inter-temporal consumption framework, the savings-investment … to the level of domestic investment in the sub-region. …
Persistent link: https://www.econbiz.de/10014477247
Theoretical models point at various channels of the impact of inflation on corporate investment. This article attempts … corporate investment and inflation on the sample of 21 OECD countries in the years 1960-2005. The obtained negative relationship … this relationship: the marginal effect on corporate investment is higher at inflation rates between 3 and 5.5 per cent …
Persistent link: https://www.econbiz.de/10010312014
Persistent link: https://www.econbiz.de/10011696432
The paper develops a model of firm´s investment under uncertainty with financial market imperfections and analyzes the … effects of financial constraints on firm´s investment. Firm´s investment is an increasing function of the firm´s marginal q …, however the investment function is characterized by an upper bound that depends on the firm´s borrowing capabilities. The firm …
Persistent link: https://www.econbiz.de/10010295307
This paper compares the depth of the recent crisis and the Great Depression. We use a new data set to compare the drop in activity in the industrialized countries for seven activity indicators. This is done under the assumption that the recent crisis leveled off in mid-2009 for production and...
Persistent link: https://www.econbiz.de/10010300368