Institutional Changes, Effective Demand, and Inequality: A Structuralist Model of Secular Stagnation
Metroeconomica, EarlyView.ABSTRACT This paper addresses the factors driving economic stagnation and inequality in the US over recent decades. We study a demand‐driven model with joint adjustment of the functional distribution and capacity utilization in the short run, and explore the dynamics of wealth accumulation and labor productivity growth in the long run.
Vinicius Curti Cícero, Daniele Tavani
wiley +1 more source
The changing governance of welfare: revisiting Jessop's framework in the context of healthcare. [PDF]
Soc Theory Health, 2022 Greener I.
europepmc +1 more source
Searching for “Solutions” to Crisis : A Critique of Urban Austerity and Keynesianism
, 2018 Based on reflections on how economic crises under capitalism have been typically “solved”, particularly by examining processes of creative destruction and spatial fixes, this paper argues for the need to rethink the duality between austerity, and ...
Holgersen, Ståle,, Holgersen, Ståle
core +1 more source
Metroeconomica, EarlyView.ABSTRACT The paper examines the financial balances of the US economy. Government is the main borrower and households and the foreign sector the main lenders. Business net lending is minimal. The balances and their underlying transactions contradict the loanable funds theory and its “global savings glut” variation.
Michalis Nikiforos, Lance Taylor
wiley +1 more source
Most industrialised countries have peaked carbon dioxide emissions during economic crises through strengthened structural change. [PDF]
Commun Earth Environ, 2023 Bersalli G, Tröndle T, Lilliestam J.
europepmc +1 more source
Pseudo, or Not? Neo‐Goodwinian Growth Cycles With Financial Linkages
Metroeconomica, EarlyView.ABSTRACT A profit‐led Goodwin mechanism generates the observed counterclockwise activity–labor share cycle. Introducing a financial linkage can reproduce this pattern even when demand is not profit‐led. This paper extends neo‐Goodwinian theory by incorporating the valuation ratio into a four‐dimensional model.
Rudiger von Arnim, Luis Felipe Eick
wiley +1 more source
Quarterly Journal of Austrian Economics, 2019 While Otaki has seen what the Japanese economic disease is, he has failed to understand what fundamentally causes it. Somehow, Otaki attributes the Japanese troubles to a failure to follow the teachings of John Maynard Keynes.
Jason Morgan
doaj
“GENERAL THEORY” , DISEQUILIBRIUM KEYNESIANISM, AND THE NEW RESEARCH AGENDA
, 2007 According to the interpretation presented by disequilibrium Keynesianism, Keynes was not interested in the state o f equilibrium, but his main purpose was rejection of the perfect Walrasian model.
Bludnik, Izabela
core
Tax Progressivity, Public Debt, and Growth in a Neo‐Kaleckian Model
Metroeconomica, EarlyView.ABSTRACT We develop a neo‐Kaleckian growth‐and‐distribution model featuring two classes of workers and a progressive income tax. Two fiscal closures are considered: balanced budgets and deficit financing via public debt. We study the responses to shocks, including changes in functional income distribution, and assess how tax progressivity alters demand
Tailiny Ventura +2 more
wiley +1 more source
Measurement of Common Prosperity of Chinese Rural Households Using Graded Response Models: Evidence from Zhejiang Province. [PDF]
Int J Environ Res Public Health, 2023 Zhang M, Wang X.
europepmc +1 more source