Empirical research based on the Bhaduri/Marglin-variant of the Kaleckian model has recently shown that aggregate demand in many medium-sized and large open economies tends to be wage-led in the medium to long run, even in a period of increasing globalisation. In this paper we extend this type of...

Regional labour markets in the „Great Recession“: The evolution of regional unemployment rates in Germany, France and the United Kingdom in 2009. Contrary to the already encompassing literature on the differentiated effects of the “Great Recession” on states, the article takes a regional...