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Hochschule für Wirtschaft und Recht Berlin >
Berlin Institute for International Political Economy (IPE), Hochschule für Wirtschaft und Recht Berlin >
IPE Working Papers, Institute for International Political Economy, HWR Berlin >
Please use this identifier to cite or link to this item:
http://hdl.handle.net/10419/59302
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Full metadata record
| DC Field | | Value | | Language |
| dc.contributor.author | | Hein, Eckhard | | en_US |
| dc.date.accessioned | | 2012-06-22 | | en_US |
| dc.date.accessioned | | 2012-06-22T11:33:34Z | | - |
| dc.date.available | | 2012-06-22T11:33:34Z | | - |
| dc.date.issued | | 2011 | | en_US |
| dc.identifier.uri | | http://hdl.handle.net/10419/59302 | | - |
| dc.description.abstract | | In a Kaleckian distribution and growth model with workers' debt we examine the short- and long-run effects of three stylized facts of 'finance-dominated capitalism': a fall in animal spirits of the firm sector with respect to real investment in capital stock, re-distribution of income at the expense of the wage share, and increasing lending of rentiers to workers for consumption purposes. In particular, we specify the conditions for long-run stability of the workers' debt-capital ratio. We thus identify the threshold for this ratio to turn unstable causing increasing financial fragility and finally financial crisis due to systemic stock-flow or stock-stock dynamics. | | en_US |
| dc.language.iso | | eng | | en_US |
| dc.publisher | | Inst. for International Political Economy Berlin | | en_US |
| dc.relation.ispartofseries | | Working Paper, Institute for International Political Economy Berlin 11/2011 | | en_US |
| dc.subject.jel | | E12 | | en_US |
| dc.subject.jel | | E21 | | en_US |
| dc.subject.jel | | E22 | | en_US |
| dc.subject.jel | | E25 | | en_US |
| dc.subject.jel | | O41 | | en_US |
| dc.subject.ddc | | 330 | | en_US |
| dc.subject.keyword | | Finance-dominated capitalism | | en_US |
| dc.subject.keyword | | distribution | | en_US |
| dc.subject.keyword | | household debt | | en_US |
| dc.subject.keyword | | financial fragility | | en_US |
| dc.subject.keyword | | growth | | en_US |
| dc.subject.keyword | | Kaleckian model | | en_US |
| dc.title | | Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model | | en_US |
| dc.type | | Working Paper | | en_US |
| dc.identifier.ppn | | 718106059 | | en_US |
| dc.rights | | http://www.econstor.eu/dspace/Nutzungsbedingungen | | en_US |
| Appears in Collections: | | IPE Working Papers, Institute for International Political Economy, HWR Berlin
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