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Kalecki’s Profit Equation after 80 Years
Laski, Kazimierz; Walther, Herbert - Wiener Institut für Internationale … - 2013
Abstract Keynes and Kalecki both assume that private investment determines (but is not determined by) private savings …; ‘autonomous’ shifts of investment are determined by the state of long-term expectations. For Kalecki, the saving propensity …-run aspects of Kalecki’s fundamental profit equation (1) We argue that the short lag between investment decisions and expenditures …
Persistent link: https://www.econbiz.de/10010709576
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PUBLIC EXPENDITURE COMPOSITION AND GROWTH: A NEO-KALECKIAN ANALYSIS
Commendatore, Pasquale; Pinto, Antonio - In: Cahiers d’économie politique / Papers in Political … (2011) 61, pp. 187-222
In this paper, we put forward a neo-Kaleckian model of growth and dsitribution. We introduce two different types of public expenditure: government consumption expenditure and public provision of capital; and we study the effects on equilibrium capacity utilisation and growth. Two different cases...
Persistent link: https://www.econbiz.de/10009371097
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INCOME DISTRIBUTION AND THE TRADE CYCLE IN THE ‘YEARS OF HIGH THEORY’
Assous, Michaël - In: Cahiers d’économie politique / Papers in Political … (2011) 61, pp. 91-112
theories developed during the thirties are examined in a second section, the first part focusing on Kalecki 1939’s theory based …
Persistent link: https://www.econbiz.de/10009371100
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Kaldor and the Keynesian theory of distribution
Béraud, Alain - In: Cahiers d’économie politique / Papers in Political … (2011) 61, pp. 113-156
, in the Treatise on Money, and by Kalecki. However, while Keynes and Kalecki develop analyses of short period, Kaldor …
Persistent link: https://www.econbiz.de/10009371102
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Eurozone: The untold economics
Hatgioannides, John; Karanassou, Marika; Sala, Hector - 2013
This paper dwells on the Eurozone woes and addresses the origins of the transition from a fictitious boom to a painful bust by unravelling (i) the supply-side structural imbalances that formed the core-periphery economic divide, and (ii) the necessity of the periphery's sovereign debt to finance...
Persistent link: https://www.econbiz.de/10010368157
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Eurozone : the untold economics
Hatgioannides, John; Karanassou, Marika; Sala, Hector - 2013
This paper dwells on the Eurozone woes and addresses the origins of the transition from a fictitious boom to a painful bust by unravelling (i) the supply-side structural imbalances that formed the core-periphery economic divide, and (ii) the necessity of the periphery's sovereign debt to finance...
Persistent link: https://www.econbiz.de/10009687800
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Eurozone: The Untold Economics
Hatgioannides, John; Karanassou, Marika; Sala, Hector - School of Economics and Finance, Queen Mary - 2013
This paper dwells on the Eurozone woes and addresses the origins of the transition from a fictitious boom to a painful bust by unravelling (i) the supply-side structural imbalances that formed the core-periphery economic divide, and (ii) the necessity of the periphery’s sovereign debt to...
Persistent link: https://www.econbiz.de/10011010556
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The Greek saga: competing explanations of the Greek crisis
Mavroudeas, Stavros - School of Economics, Kingston University - 2015
This paper reviews the alternative explanations offered to explain the Greek crisis and checks there analytical and empirical validity. The first part focuses on the mainstream explanations. It distinguishes three main versions (‘Greek disease’, EMU is an unrectifiable non-OCA, EMU has...
Persistent link: https://www.econbiz.de/10011185662
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Covid-19 pandemic in Brazil: Macroeconomic effects and policies
de Conti, Bruno - 2022
The Covid-19 pandemic has had unequal effects around the world, not simply in terms of health prospects, but also in terms of economic and social consequences. In all these aspects, Brazil is among the most affected countries. This article aims to analyze the economic and social effects of the...
Persistent link: https://www.econbiz.de/10013261390
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Macroeconomic policies, growth, employment, and inequality in Latin America
Damill, Mario; Frenkel, Roberto - 2012
This paper examines the macroeconomic policies and outcomes experienced by the Latin American economies during the period 1990-2010. Macroeconomic policies refer to exchange rates, monetary and aggregate fiscal policies, while macroeconomic outcomes, on the other hand, refer to the patterns of...
Persistent link: https://www.econbiz.de/10010319943