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Into an analytical stock-flow consistent Post-Kaleckian distribution and growth model the following transmission … channels of 'financialisaton' are integrated. 1. 'Financialisation' is assumed to affect distribution between firms and … rentiers in the short run, and distribution between capital and labour through a dividend-elastic mark-up in firms' price …
Persistent link: https://www.econbiz.de/10005823512
. Therefore, two major features of finance-dominated capitalism, the increasing inequality of income distribution and the rising …
Persistent link: https://www.econbiz.de/10009397198
In a Kaleckian distribution and growth model with workers’ debt we examine the short- and long-run effects of three … in capital stock, re-distribution of income at the expense of the wage share, and increasing lending of rentiers to …
Persistent link: https://www.econbiz.de/10009325648
The introduction of monetary variables into post-Keynesian models of distribution and growth is an ongoing process …. Lavoie (1995) has proposed a Kaleckian ?Minsky-Steindl-model? of distribution and growth, incorporating the effects debt and … on distribution between wages and gross profits explicitly been incorporated in the model. In the present paper we …
Persistent link: https://www.econbiz.de/10009327907
In this paper, the euro crisis is interpreted as the latest episode of the crisis of finance-dominated capitalism. Against this background, the euro crisis and the economic policy reactions of European governments and institutions are examined. It is shown that deflationary stagnation policies...
Persistent link: https://www.econbiz.de/10010732208
Focusing on the long-run effects of "financialization" and increasing shareholder power in a simple post-Kaleckian endogenous growth model, this paper examines the effects of increasing shareholder power on the demand regime, on the productivity regime, and on the overall regime of the model....
Persistent link: https://www.econbiz.de/10010660555
In a Kaleckian distribution and growth model with workers' debt we examine the short and long run effects of three … in capital stock, re-distribution of income at the expense of the wage share, and increasing lending of rentiers to …
Persistent link: https://www.econbiz.de/10010742213
In a Kaleckian monetary distribution and growth model with conflict inflation we assess the role of a Non … rate tool is analysed. The problem of long-run endogeneity of the NAIRU is addressed integrating the long-run distribution …
Persistent link: https://www.econbiz.de/10011133377
be identified: inefficient regulation of financial markets, increasing inequality in the distribution of income, and … rising imbalances at the global (and at the Euro area) level. The focus of the paper is on the changes in distribution … dimensions of re-distribution in the course of ‘financialisation’ and ‘neo-liberalism’ are examined: functional distribution …
Persistent link: https://www.econbiz.de/10009643758
expectations of liberal economists, this has failed to improve Germany's mediocre economic performance. However, Germany is now … running substantial current account surpluses. One possible explanation for Germany's disappointing performance is found in …
Persistent link: https://www.econbiz.de/10008773729