-led mercantilist and the domestic demand-led regime and apply this to six countries, Germany, France, Spain, Sweden, the UK and the USA … channels of transmission of financialisation-namely, the effects on distribution, investment in the capital stock, consumption …

. Investment is negatively affected by private wealth in the USA and the UK, but positively in France and Germany. … until 2010 for the UK, France, Germany and USA, based on the dataset of Piketty and Zucman (2014). We contribute to the post … overall domestic demand has been wage-led in the USA, UK and Germany. Total investment responds positively to higher wage …