Showing 1 - 10 of 20
Persistent link: https://www.econbiz.de/10000683413
Persistent link: https://www.econbiz.de/10001378475
'private demand boom' economies before the crisis, the US, the UK, and Spain, the 'export-led mercantilist' economies Germany …
Persistent link: https://www.econbiz.de/10011621286
Persistent link: https://www.econbiz.de/10010486115
Persistent link: https://www.econbiz.de/10001567160
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...
Persistent link: https://www.econbiz.de/10003772369
Monetary analysis requires the introduction of monetary variables into the determination of the equilibrium values of real variables such as production, income, distribution, and accumulation. Contrary to Keynes’s research program of a „monetary theory of production”, neither the older...
Persistent link: https://www.econbiz.de/10003958507
Persistent link: https://www.econbiz.de/10001622595
Persistent link: https://www.econbiz.de/10001459746
restrictive and sometimes pro-cyclical fiscal policies and overly moderate wage policies in Germany since the mid 1990s. This view … Germany urgently needs more expansive fiscal and monetary policies in the short run, and that in the medium run the conditions … for nominal wage growth in Germany according to the sum of long run national productivity growth and the ECB's inflation …
Persistent link: https://www.econbiz.de/10003744520