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This paper argues that the re-emergence of stagnation tendencies in modern capitalism can be related to … financialisation and its macroeconomic failures leading to the recent crises, and in particular to the macroeconomic responses towards … of financialisation is recapitulated, applied to the period before the crisis, and finally the regime changes during and …
Persistent link: https://www.econbiz.de/10011661571
stagnation tendencies. Results of this research are integrated into a stylised Kaleckian distribution and growth model, which … that model, we also show that post-crises stagnation tendencies and falling potential growth can be explained by those … financialisation features generating low capital stock growth, i.e. depressed animal spirits of management of nonfinancial corporations …
Persistent link: https://www.econbiz.de/10013448636
stagnation tendencies. Results of this research are integrated into a stylised Kaleckian distribution and growth model, which … that model, we also show that post-crises stagnation tendencies and falling potential growth can be explained by those … financialisation features generating low capital stock growth, i.e. depressed animal spirits of management of nonfinancial corporations …
Persistent link: https://www.econbiz.de/10013459716
Persistent link: https://www.econbiz.de/10012102751
Eurozone can be seen as a version of what Steindl (1979) had called 'stagnation policy'. To underline this argument, I will … provide a simple Steindlian distribution and growth model in order to identi-fy the main channels through which stagnation … policy affects accumulation and productivity growth. This will also provide a set of elements of a Steindlian anti-stagnation …
Persistent link: https://www.econbiz.de/10011919735
Eurozone can be seen as a version of what Steindl (1979) had called 'stagnation policy'. To underline this argument, I will … provide a simple Steindlian distribution and growth model in order to identi-fy the main channels through which stagnation … policy affects accumulation and productivity growth. This will also provide a set of elements of a Steindlian anti-stagnation …
Persistent link: https://www.econbiz.de/10011891333
In this contribution we link the recently re-discovered tendencies towards stagnation with the features of … financialisation, which have started to dominate developed capitalist economies in the early 1980s. We review the main macroeconomic … channels of transmission of financialisation-namely, the effects on distribution, investment in the capital stock, consumption …
Persistent link: https://www.econbiz.de/10012292734
In this contribution we link the recently re-discovered tendencies towards stagnation with the features of … financialisation, which have started to dominate developed capitalist economies in the early 1980s. We review the main macroeconomic … channels of transmission of financialisation-namely, the effects on distribution, investment in the capital stock, consumption …
Persistent link: https://www.econbiz.de/10012291079
discussion about stagnation tendencies in capitalist economies. In orthodox approaches income distribution only has a restricted …-Keynesian/Kaleckian approaches when it comes to explaining medium- to long-run trends of economic growth - and stagnation. In this contribution we …-dominated capitalism, both before and after the recent crisis. Finally, we also sketch an interpretation of stagnation tendencies in a …
Persistent link: https://www.econbiz.de/10011797482
discussion about stagnation tendencies in capitalist economies. In orthodox approaches income distribution only has a restricted …-Keynesian/Kaleckian approaches when it comes to explaining medium- to long-run trends of economic growth - and stagnation. In this contribution we …-dominated capitalism, both before and after the recent crisis. Finally, we also sketch an interpretation of stagnation tendencies in a …
Persistent link: https://www.econbiz.de/10011790517