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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/10014516158
critically on the labour market assumptions (labour-constrained versus dual) and the specification of the investment function …
Persistent link: https://www.econbiz.de/10014213154
This paper examines the emergence of private debt-led growth in Canada since the Global Financial Crisis (GFC) by means of a growth regimes 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/10013500697
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/10010701885
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
, production, banking and government sectors. This paper focuses on changes in parameters that are tied with financialization. The … effects on the following changes are examined: the target proportion of retained earnings to investment, the proportion of …
Persistent link: https://www.econbiz.de/10010821641
This paper explores the concept of financialization using a «stages of development» approach. The paper develops a … stylized history of financialization and tracks its evolution through different stages since the end of World War II. The paper … outcomes. The fact that financialization is long-running and expansionary in its early and middle stages, made it extremely …
Persistent link: https://www.econbiz.de/10008919609
This paper explores the concept of financialization using a «stages of development» approach. The paper develops a … stylized history of financialization and tracks its evolution through different stages since the end of World War II. The paper … outcomes. The fact that financialization is long-running and expansionary in its early and middle stages, made it extremely …
Persistent link: https://www.econbiz.de/10008919624
global financial crisis, which could be blamed on excessive financialization of the economy. …
Persistent link: https://www.econbiz.de/10008854453
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....
Persistent link: https://www.econbiz.de/10011098357