Results 81 to 90 of about 229 (205)
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
After Neoliberalism: Social Theory and Sociology in the Interregnum. [PDF]
Am Sociol, 2023 Antonio RJ.
europepmc +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
Financial production and the subprime mortgage crisis. [PDF]
J Evol Econ, 2023 Tori D, Caverzasi E, Gallegati M.
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
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
Racial Inequality, Growth and Distribution
Metroeconomica, EarlyView.ABSTRACT A post‐Keynesian‐Kaleckian model along structuralist lines is developed to incorporate the issue of racial inequality into the analysis of growth and distribution. It draws on ideas presented in the literature about the relationship between class inequality between capitalists and workers, and racial inequality between White and Black workers,
Amitava Krishna Dutt
wiley +1 more source
Metroeconomica, EarlyView.ABSTRACT We propose a demand‐led heterogeneous firm macroeconomic model to study the impact of an exchange rate devaluation on output and financial stability. We simulate the model and find that, in the presence of foreign debt, a devaluation can have contractionary effects.
Lucca Gustafson Rodrigues +2 more
wiley +1 more source
Metroeconomica, EarlyView.ABSTRACT This article places the work of Lance Taylor in the broader context of efforts in the 1980s to renew the structuralist tradition of development economics, into what was then newly coined as neo‐structuralism. These efforts centred around three groups: CEPAL, Lance Taylor and his team at MIT, and a group of economists based at the Institute of ...
Andrew M. Fischer
wiley +1 more source
Value Change, Value Conflict, and Policy Innovation: Understanding the Opposition to the Market-Based Economic Dispatch of Electricity Scheme in India Using the Multiple Streams Framework. [PDF]
Sci Eng Ethics, 2022 Goyal N, Iychettira K.
europepmc +1 more source