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channels of ‘financialisaton’ are integrated. 1. ‘Financialisation’ is assumed to affect distribution between firms and … the labour income share in the medium run. In the model the total effect of ‘financialisation’ is derived, the development …
Persistent link: https://www.econbiz.de/10008919602
Financialisation of advanced capitalist economies during the last three decades represents expansion of the sphere of … course of financialisation, relations between industrial/commercial capital, banks and workers have been put on a different … financial expropriation. Financial institutions have also become adept at profit-making through mediating transactions in open …
Persistent link: https://www.econbiz.de/10008919603
Financialisation of advanced capitalist economies during the last three decades represents expansion of the sphere of … course of financialisation, relations between industrial/commercial capital, banks and workers have been put on a different … financial expropriation. Financial institutions have also become adept at profit-making through mediating transactions in open …
Persistent link: https://www.econbiz.de/10008919608
This study examines the development of the US economy since the prolonged recession in the early 1980s. This period was characterised by a serious weakening in the bargaining position of waged workers and a major expansion of the financial sector. Most of the economic gains accrued to top...
Persistent link: https://www.econbiz.de/10011284841
This paper argues that scholarship on the varieties of capitalism could provide a more complete understanding of fiscal policy convergence in the Eurozone after 2010 if it better examined the interdependencies between banks and sovereigns. Recently, this scholarship has explained fiscal...
Persistent link: https://www.econbiz.de/10013088500
The US economic expansion which began in 2009 was unusually prolonged but relatively weak. Profitability and investment strengthened between 2010 and 2015 but then began to falter. After Trump took office in 2017 there was a minor recovery in investment but the proceeds of major tax cuts were...
Persistent link: https://www.econbiz.de/10012440170
step, I investigate how wages in the production sector affect bank net worth and the process of financial intermediation in …
Persistent link: https://www.econbiz.de/10012836922
We document a new set of facts regarding the impact of referrals on labor market outcomes. Our results highlight the importance of distinguishing between different types of referrals—those from family and friends and those from business contacts—and different occupations. Then we develop an...
Persistent link: https://www.econbiz.de/10013322419
We document a new set of facts regarding the impact of referrals on labor market outcomes. Our results highlight the importance of distinguishing between different types of referrals—those from family and friends and those from business contacts—and different occupations. Then we develop an...
Persistent link: https://www.econbiz.de/10013324393
purposes, we construct an agent-based simulation model with asset traders, commercial banks and a central bank. Our …
Persistent link: https://www.econbiz.de/10005343012