Similar Search Results

Financialization in Kaleckian Economies with and without Labor Constraints

Ryoo, Soon; Skott, Peter - In: Intervention. European Journal of Economics and … 05 (2008) 2, pp. 357-386

financialization under labor-constrained and dual-economy conditions. The paper complements the analysis in Skott and Ryoo (2008) which … commonly associated with financialization tend to be expansionary in both dual-economy and labor-constrained settings. …

Persistent link: https://www.econbiz.de/10014363047

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

Rethinking wage vs. profit-led growth theory with implications for policy analysis

Palley, Thomas I. - 2014

The distinction between wage-led and profit-led growth is a major feature of Post-Keynesian economics and it has triggered an extensive econometric literature aimed at identifying whether economies are wage or profit-led. That literature treats the economy's character as exogenously given. This...

Persistent link: https://www.econbiz.de/10010460566

Inequality of income and wealth in the long run: A Kaldorian perspective

Ryoo, Soon - 2015

The paper examines the determinants of income and wealth inequality in a Kaldorian model where the profit share adjusts to clear the goods market and the long-run output-capital ratio is constant. The approach is radically different from both the mainstream approach that stresses properties of...

Persistent link: https://www.econbiz.de/10011788876

Top income shares and aggregate wealth-income ratio in a two- class corporate economy

Ryoo, Soon - 2016

), highlights the role of financialization in increasing inequality. Third, the analysis suggests that the rise in the aggregate …

Persistent link: https://www.econbiz.de/10011788903

Money in finance

Wray, L. Randall - 2011

global financial crisis, which could be blamed on excessive financialization of the economy. …

Persistent link: https://www.econbiz.de/10010281714

Macroeconomic implications of financialization

Skott, Peter; Ryoo, Soon - 2007

A growing literature suggests that 'financialization' may weaken the performance of non-financial corporations and … the investment function (Harrodian vs stagnationist). …

Persistent link: https://www.econbiz.de/10010287829

Financialization in Kaleckian economies with and without labor constraints

Ryoo, Soon; Skott, Peter - 2008

financialization under labor-constrained and dual-economy conditions. The paper complements the analysis in Skott and Ryoo (2008) which …

Persistent link: https://www.econbiz.de/10010287880

Conflicting claims and equilibrium adjustment processes in a stock-flow consistent macro model

Dallery, Thomas; Treeck, Till van - 2008

Der Artikel greift die Debatte um "fully-adjusted positions" in der postkeynesianischen Literatur auf. Diese sind durch eine Übereinstimmung von normaler und tatsächlicher Kapazitätsauslastung in der langen Frist gekennzeichnet. Im Text wird argumentiert, dass hierin nicht die einzig...

Persistent link: https://www.econbiz.de/10003744546

"Financialisation" in post-Keynesian models of distribution and growth : a systematic review

Hein, Eckhard; Treeck, Till van - 2008

, in particular when there are strong wealth effects in firms' investment decisions (via Tobin's q) and in households …

Persistent link: https://www.econbiz.de/10003744547