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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
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
increasing inequality of income distribution and the rising imbalances of current accounts. Against this background, the euro …
Persistent link: https://www.econbiz.de/10010583878
firm sector in a simple Kaleckian distribution and growth model. In particular we show that rising (falling) capital … debt'. Therefore, the treatment of the rate of interest as an exogenous macroeconomic distribution parameter in Post …-Keynesian distribution and growth models seems to be well founded. …
Persistent link: https://www.econbiz.de/10010955074
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/10010955078
the financial sector and the non-financial sectors of the economy associated with 'financialisation' on distribution … financialisation to the macroeconomy: first, the effect on income distribution, second, the effects on investment in capital stock …
Persistent link: https://www.econbiz.de/10010955082
profit in a simple post-Kaleckian distribution and growth model. This model gives rise to different potential accumulation … regimes depending on the values of the parameters in the investment, saving and distribution function. Estimating these core …
Persistent link: https://www.econbiz.de/10010955088