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Existing empirical studies have focused on determinants of investment. We focus instead on episodes of accelerated capital stock growth that last eight years or longer. We find that episodes are relatively common, even in low growth regions, but more so in middle income and Asian countries....
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This paper examines the fiscal and monetary policy options available to China as a sovereign currency-issuing nation operating in a dollar standard world. We first summarize a number of issues facing China, including the possibility of slower growth, global imbalances, and a number of domestic...
Persistent link: https://www.econbiz.de/10010228185
School, the US-based Social Structures of Accumulation approach, the contributions by several Post-Keynesian authors, with a … focus on the long-run views contained in Hyman Minsky's work, in particular. In our comparative assessment of these …
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inevitable in the future. We think an overall alternative is needed and at hand: Minsky’s theories on investment, financial …
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, and to a range of other financial derivatives. Unlike J. A. Schumpeter, Hyman Minsky did not see the banker merely as the … ephor of capitalism, but as its key source of instability. Furthermore, due to "financialisation of the real economy," the … attention to increasing funding of the innovation process. For that reason, we will look not only to Minsky’s ideas on the …
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This paper discusses the role that finance plays in promoting the capital development of the economy, with particular emphasis on the current situation of the United States and the United Kingdom. We define both "finance" and "capital development" very broadly. We begin with the observation that...
Persistent link: https://www.econbiz.de/10010517057