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transportation. Regarding the impact on the income distribution, both sectors share the pattern that in the recent episode rising … expansive wage policy in addition to the oil price shocks. -- Energy prices ; supply of goods and services ; income distribution …
Persistent link: https://www.econbiz.de/10003877500
transportation. Regarding the impact on the income distribution, both sectors share the pattern that in the recent episode rising …
Persistent link: https://www.econbiz.de/10012991009
This paper explores the behavior of profits in the four largest euro area countries (Germany, France, Italy and Spain) and the euro area as a whole, while at the same time considering three main sectors (manufacturing, construction and services) in each economy over the period 1988–2010. The...
Persistent link: https://www.econbiz.de/10013117688
This paper presents a simple illustrative post-Kaleckian model of distribution and growth that incorporates personal … income inequality can potentially have contrary effects on aggregate demand and growth. It can illustrate some of the major … cascades from the very top to the very bottom of the distribution. For Germany, we fail to find compelling evidence for …
Persistent link: https://www.econbiz.de/10011606907
deindustrialization trajectories of each country are partially related to their growth models. An analysis in two steps is conducted … prices, outsourcing and globalization. Second, building on the growth model perspective, an interpretative framework to … cases and the distinction between the pre- and post-crisis periods illustrates the consequences of the distinct growth …
Persistent link: https://www.econbiz.de/10014481170
There has been a long discussion about the employment impact of minimum wages and this discussion has recently been renewed with the introduction of an economy-wide, binding minimum wage in Germany in 2015. In traditional reasoning, based on the allocational approach of modern labour market...
Persistent link: https://www.econbiz.de/10011803177
„monetary theory of production”, neither the older post-Keynesian models of growth and distribution (Kaldor, J. Robinson) nor … real variables such as production, income, distribution, and accumulation. Contrary to Keynes’s research program of a … interest rate on distribution and investment within different regimes of accumulation, the „golden age“- and the „post …
Persistent link: https://www.econbiz.de/10003958507
In this paper, we discuss the relationship between the current account rebalancing in the Eurozone, income distribution … recently been obtained in the empirical literature estimating the German demand and growth regime based on post …-Kaleckian models. We will focus in particular on the relationship between nominal wages and functional income distribution, on the one …
Persistent link: https://www.econbiz.de/10012930613
We analyse the impact of both the Global Financial Crisis of 2008 and the European sovereign and banking crisis of 2011-13 on firm-level productivity in France, Italy and Spain. We show that relying on a single break date in 2008 misses both the Eurozone crisis and countries' institutional...
Persistent link: https://www.econbiz.de/10012433745
We analyse the impact of both the Global Financial Crisis of 2008 and the European sovereign and banking crisis of 2011-13 on firm-level productivity in France, Italy and Spain. We show that relying on a single break date in 2008 misses both the Eurozone crisis and countries' institutional...
Persistent link: https://www.econbiz.de/10013246463