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The Eurozone in crisis : a Kaleckian macroeconomic regime and policy perspective

Hein, Eckhard; Martschin, Judith - 2020

export-led mercantilist. For an economic policy alternative favouring a domestic demand-led regime, we turn towards Kalecki …

Persistent link: https://www.econbiz.de/10012239654

The Eurozone in crisis : a Kaleckian macroeconomic regime and policy perspective

Hein, Eckhard; Martschin, Judith - In: Review of political economy 32 (2020) 4, pp. 563-588

Persistent link: https://www.econbiz.de/10012425507

Financialisation and macroeconomic regimes in emerging capitalist economies before and after the Great Recession

Akcay, Ümit; Hein, Eckhard; Jungmann, Benjamin - 2021

In recent years, diverging demand and growth regimes have received greater scholarly attention. In particular, the intersection between different variants of Comparative Political Economy and the post-Keynesian macroeconomic analysis provides a promising avenue for understanding the main...

Persistent link: https://www.econbiz.de/10012489423

Stagnation policy in the Eurozone and economic policy alternatives : a Steindlian/neo-Kaleckian perspective

Hein, Eckhard - 2017

Empirically, the macroeconomic institutions and the macroeconomic policy approach in the Eurozone have failed badly, both in terms of preventing the global financial and economic cri-sis from becoming a euro crisis and in generating a rapid recovery from the crisis, in particular. In this paper...

Persistent link: https://www.econbiz.de/10011919735

Fiscal policy in the macroeconomic policy mix : a critique of the new consensus model and a comparison of macroeconomic policies in France, Germany, the UK and Sweden from a post-Keynesian perspective

Hein, Eckhard; Truger, Achim - 2008

The New Consensus approach in macroeconomics is criticised for its exclusive but unwarranted reliance on stabilising monetary policies, for its ill-designed approach to the role of wages and wage policies, and for its complete neglect of fiscal policies. From a Post-Keynesian perspective, it is...

Persistent link: https://www.econbiz.de/10003744540

Causes and consequences of the financial crisis and the implications for a more resilient financial and economic system

Hein, Eckhard - 2016

The increasing dominance of finance starting in the late 1970s/early 1980s in the US and the UK, and somewhat later in other countries, was associated with two fundamental and structural processes generating the contradictions of this phase of development and finally the financial and economic...

Persistent link: https://www.econbiz.de/10011431645

The paradox of tax competition : effective corporate tax rates as a determinant of foreign direct investment in a modified neo-kaleckian model

Woodgate, Ryan - 2018

After demonstrating the empirical relevance of tax competition effects across OECD countries, we incorporate such effects into a Kaleckian model. Corporate tax rates are seen as affecting investment by the effect on the location of multinational enterprise (MNE) investment, not on the total size...

Persistent link: https://www.econbiz.de/10011900210

Karl Marx : an early post-Keynesian? : a comparison of Marx's economics with the contributions by Sraffa, Keynes, Kalecki and Minsky

Hein, Eckhard - 2019

This paper compares Marx's economics with those by Sraffa, Keynes, Kalecki and Minsky. The paper takes an "ex post … attempt is made at studying in a systematic way, if and to what extent Sraffa, Keynes, Kalecki and Minsky were individually … relying on an interpretation of Marx's theory of value as a "monetary theory of value". Next, some light is shed on the Marx-Kalecki …

Persistent link: https://www.econbiz.de/10011994938

Some Kaleckian remarks on modern monetary theory in light of a paper by Drumetz/Pfister

Sawyer, Malcolm C. - In: European journal of economics and economic policies : … 20 (2023) 1, pp. 67-77

This paper provides remarks on modern monetary theory (MMT) from a Kaleckian perspective in response to a paper by Drumetz/Pfister. The distinction between initial financing and final financing is drawn up to argue for clear separation of how expenditure is financed and funded, and pointing to...

Persistent link: https://www.econbiz.de/10014433717

Alternative uses of functional finance : Lerner, MMT and the Sraffiansh

Summa, Ricardo - 2022

In the present paper, we will construct three comparable 'toy models' to evaluate the alternative uses of functional finance from Lerner, MMT, and the Sraffians. First, we will argue that the general functional finance framework can be separated from the specific views of Lerner on how the...

Persistent link: https://www.econbiz.de/10012939156