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From the state theory of money to modern money theory : an alternative to economic orthodoxy

Wray, L. Randall - 2014

modern exponents Hyman Minsky, Charles Goodhart, and Geoffrey Ingham. This literature became the foundation for Modern Money …

Persistent link: https://www.econbiz.de/10010252186

"From the State Theory of Money to Modern Money Theory: An Alternative to Economic Orthodoxy"

Wray, L. Randall - Levy Economics Institute - 2014

modern exponents Hyman Minsky, Charles Goodhart, and Geoffrey Ingham. This literature became the foundation for Modern Money …

Persistent link: https://www.econbiz.de/10010754647

Die Weltwirtschaftskrise als Exempel der Überinvestitionstheorie: Komplementäre Erklärungsansätze von v. Hayek/Garrison und Minsky

Sell, Friedrich L. - Fakultät für Wirtschafts- und … - 2010

In diesem Beitrag werden die Grundzüge der Überinvestitionstheorien von Hyman Minsky auf der einen und die von v. Hayek …, verhilft Minsky zu einem detaillierten Blick auf die Herkunftsseite des Kapitalstocks: Der Aufschwung, der sowohl technologisch …In this paper, we first develop, making use of the original tools used in the seminal papers of Hyman Minsky on the one …

Persistent link: https://www.econbiz.de/10008462130

The paradox of tax competition: Effective corporate tax rates as a determinant of foreign direct investment in a modified neo-Kaleckian model

Woodgate, Ryan - 2018

After demonstrating the empirical relevance of tax competition effects across OECD countries, we incorporate such effects into a Kaleckian model. Corporate tax rates are seen as affecting investment by the effect on the location of multinational enterprise (MNE) investment, not on the total size...

Persistent link: https://www.econbiz.de/10011905163

The Eurozone in crisis: A Kaleckian macroeconomic regime and policy perspective

Hein, Eckhard; Martschin, Judith - 2020

export-led mercantilist. For an economic policy alternative favouring a domestic demand-led regime, we turn towards Kalecki …

Persistent link: https://www.econbiz.de/10012290595

A Kaleckian Analysis of Monetary Policy

Sawyer, Malcolm - In: Intervention. Zeitschrift fuer Ökonomie / Journal of … 03 (2006) 2, pp. 331-349

This paper has the simple objective of exploring the implications of a Kaleckian (heterodox) macroeconomic analysis for the effectiveness of monetary policy, specifically one based on the use of interest rates to target the rate of inflation. The paper begins by setting out the essential...

Persistent link: https://www.econbiz.de/10014362990

Some Kaleckian remarks on modern monetary theory in light of a paper by Drumetz/Pfister

Sawyer, Malcolm C. - In: European Journal of Economics and Economic Policies: … 20 (2023) 1, pp. 67-77

This paper provides remarks on modern monetary theory (MMT) from a Kaleckian perspective in response to a paper by Drumetz/Pfister. The distinction between initial financing and final financing is drawn up to argue for clear separation of how expenditure is financed and funded, and pointing to...

Persistent link: https://www.econbiz.de/10014441463

Growth, instability and cycles: Harrodian and Kaleckian models of accumulation and income distribution

Skott, Peter - 2008

This paper compares Kaleckian and Harrodian models of accumulation. The simplicity of the canonical Kaleckian model is appealing but more complex Harrodian specifications are preferable from a behavioral perspective. The local instability of Harrodian-inspired specifications, moreover, offers a...

Persistent link: https://www.econbiz.de/10010287809

Theoretical and empirical shortcomings of the Kaleckian investment function

Skott, Peter - 2008

The specification of the accumulation function is critical for the properties and implications of structuralist and post-Keynesian models. A large Kaleckian literature assumes that investment is relatively insensitive to variations in the utilization rate of capital, and this extension of a...

Persistent link: https://www.econbiz.de/10010287867

The Eurozone in crisis : a Kaleckian macroeconomic regime and policy perspective

Hein, Eckhard; Martschin, Judith - 2020

export-led mercantilist. For an economic policy alternative favouring a domestic demand-led regime, we turn towards Kalecki …

Persistent link: https://www.econbiz.de/10012239654