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Financialisation, debt and inequality : scenarios based on a stock flow consistent model
Detzer, Daniel - 2016
In the era of financialisation, increasing income inequality could be observed in most developed and many developing … consumption in order to compensate for the potential lack of demand (associated with the depressing effect of financialisation … through which financialisation is expected to affect a countries development, a theoretical discussion on the conditions that …
Persistent link: https://www.econbiz.de/10011449155
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Causes and consequences of the financial crisis and the implications for a more resilient financial and economic system
Hein, Eckhard - 2016
The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...
Persistent link: https://www.econbiz.de/10011431645
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Financialisation and demand and growth regimes : a review of post-Keynesian contributions
Hein, Eckhard; Treeck, Till van - 2024
We review post-Keynesian assessments of the macroeconomic demand and growth impacts of financialisation. First, we … examine the channels of influence of financialisation on distribution and on the different components of private aggregate … of financialisation in the context of the postKeynesian theory of the firm and explain the other channels from there. An …
Persistent link: https://www.econbiz.de/10014490639
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"Financialisation" in post-Keynesian models of distribution and growth : a systematic review
Hein, Eckhard; Treeck, Till van - 2008
We review recent attempts to integrate 'financialisation' processes into Post-Keynesian distribution and growth models … of the firm we bridge the gap between micro- and macro-analysis of 'financialisation' and we trace the main … characteristics and effects of 'financialisation' from the micro to the macro level taking into account stock-flow interactions. Our …
Persistent link: https://www.econbiz.de/10003744547
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"Financialisation" in Kaleckian, post-Kaleckian models of distribution and growth
Hein, Eckhard; Treeck, Till van - 2007
The macroeconomic effects of "financialisation" are assessed applying two different variants of a Kaleckian model of … growth.A revised version of this paper was published as: Hein, E., van Treeck, T. (2010): Financialisation and rising …
Persistent link: https://www.econbiz.de/10003747641
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Financialisation in a comparative static, stock flow consistent post-Kaleckian distribution and growth model
Hein, Eckhard - 2008
channels of 'financialisaton' are integrated. 1. 'Financialisation' is assumed to affect distribution between firms and … the labour income share in the medium run. In the model the total effect of 'financialisation' is derived, the development …
Persistent link: https://www.econbiz.de/10003836933
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Minsky's money manager capitalism and the global financial crisis
Wray, L. Randall - 2011
The world's worst economic crisis since the 1930s is now well into its third year. All sorts of explanations have been proffered for the causes of the crisis, from lax regulation and oversight to excessive global liquidity. Unfortunately, these narratives do not take into account the systemic...
Persistent link: https://www.econbiz.de/10008933495
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Varieties and interdependencies of demand and growth regimes in finance-dominated capitalism
Prante, Franz; Hein, Eckhard; Bramucci, Alessandro - 2021
We outline and simulate a stylised post-Keynesian two country stock-flow consistent model to demonstrate the interconnection of three of the main features/outcomes of finance-dominated capitalism, namely worsening income distribution for the bottom 90% households, the rise of international...
Persistent link: https://www.econbiz.de/10012696153
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Demand and growth regimes in finance-dominated capitalism and a progressive equality-, sustainability- and domestic demand-led alternative : a post-Keynesian simulation approach
Hein, Eckhard; Prante, Franz; Bramucci, Alessandro - In: PSL quarterly review 76 (2023) 305, pp. 181-202
Making use of a post-Keynesian/Kaleckian two-country stock-flow consistent (SFC) simulation model, we shed light on different regimes in modern finance-dominated capitalism, their interaction at the global scale, and then on the changes in regimes after the 2007-09 crises. Most importantly, we...
Persistent link: https://www.econbiz.de/10014550808
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Financialisation and the potentials for a progressive equality-, sustainability- and domestic demand-led regime : a post-Keynesian simulation approach
Hein, Eckhard; Prante, Franz; Bramucci, Alessandro - 2022
In several publications, starting more than a decade ago, Peter Flaschel and co-authors have outlined the features of a 'social capitalism' as a normative alternative to the liberal and financialised capitalism of the Anglo-Saxon type, but also to the undemocratic Chinese-type of state...
Persistent link: https://www.econbiz.de/10013393481