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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/10011431825
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Germany's post-2000 stagnation in the European context - a lesson in macroeconomic mismanagement
Hein, Eckhard; Truger, Achim - Institut für Makroökonomie und Konjunkturforschung … - 2006
In the present paper we question the mainstream diagnosis of Germany’s post-2000 stagnation as well as the prescribed remedies. We show that the ‘institutional sclerosis’ view of Germany’s stagnation is unfounded and that therefore the political measures proposed and actually taken are...
Persistent link: https://www.econbiz.de/10005764577
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Germany's post-2000 stagnation in the European context - a lesson in macroeconomic mismanagement
Hein, Eckhard; Truger, Achim - 2006
In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the 'institutional sclerosis' view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
Persistent link: https://www.econbiz.de/10010460438
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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
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Germany's post-2000 stagnation in the European context - a lesson in macroeconomic mismanagement
Hein, Eckhard; Truger, Achim - 2006
In the present paper we question the mainstream diagnosis of Germany's post-2000 stagnation as well as the prescribed remedies. We show that the "institutional sclerosis" view of Germany's stagnation is unfounded and that therefore the political measures proposed and actually taken are...
Persistent link: https://www.econbiz.de/10003744530
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Finance-dominated capitalism, re-distribution and the financial and economic crises - a European perspective
Hein, Eckhard - Volkswirtschaftliche Fakultät, … - 2012
In this paper the euro crisis is viewed as the most recent episode of the crisis of finance-dominated capitalism. Therefore, two major features of finance-dominated capitalism, the increasing inequality of income distribution and the rising imbalances of current accounts, are analysed for a set...
Persistent link: https://www.econbiz.de/10009397198
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Macroeconomic co-ordination as an economic policy concept : opportunities and obstacles in the EMU
Truger, Achim; Hein, Eckhard - Wirtschafts- und Sozialwissenschaftliches Institut, … - 2004
-)Keynesian analysis is presented as a growth and employment-oriented alternative to this restrictive policy mix. Contrary to the strict … alternative requires the coordination of monetary, fiscal and wage policies in order to achieve growth, high employment and price …
Persistent link: https://www.econbiz.de/10009327899
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European Monetary Union: Nominal convergence, real divergence and slow growth? An investigation into the effects of changing macroeconomic policy institutions associated with monet...
Hein, Eckhard; Truger, Achim - Wirtschafts- und Sozialwissenschaftliches Institut, … - 2002
concept of money and their satisfaction may be largely endogenous to shifts in the economic policy regime. Growth and …, in this paper the effects of the new EMU institutional framework for monetary, fiscal and wage policies on overall growth … has neither been conducive to aggregate growth nor to real convergence across the euro area. In order to improve growth …
Persistent link: https://www.econbiz.de/10009327917
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Leitlinien für ein dauerhaftes Wachstum in der EU? Konzept und Wirkung der Grundzüge der Wirtschaftspolitik
Niechoj, Torsten; Hein, Eckhard - Wirtschafts- und Sozialwissenschaftliches Institut, … - 2004
growth and employment problems in the EU. These guidelines have been the EU-economic policy concept for ten years now, but … this concept has not been able to generate sustained growth in the EU. Examining the guidelines we show the weaknesses of … the economic policy model behind it and outline an alternative concept which promises more growth for Europe in the long …
Persistent link: https://www.econbiz.de/10009327942
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"Fiscal Policy and Rebalancing in the Euro Area: A Critique of the German Debt Brake from a Post-Keynesian Perspective"
Hein, Eckhard; Truger, Achim - Levy Economics Institute - 2013
The German debt brake is often regarded as a great success story, and has therefore served as a role model for the Euro area and its fiscal compact. In this paper we fundamentally criticize the debt brake. We show that (1) it suffers from serious shortcomings, and its success is far from certain...
Persistent link: https://www.econbiz.de/10010697208