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Kompletter Metadatensatz
DublinCore-Feld | Wert | Sprache |
---|---|---|
dc.contributor.author | Hein, Eckhard | en |
dc.date.accessioned | 2012-06-22 | - |
dc.date.accessioned | 2012-06-22T11:33:34Z | - |
dc.date.available | 2012-06-22T11:33:34Z | - |
dc.date.issued | 2011 | - |
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 |
dc.language.iso | eng | en |
dc.publisher | |aHochschule für Wirtschaft und Recht Berlin, Institute for International Political Economy (IPE) |cBerlin | en |
dc.relation.ispartofseries | |aWorking Paper |x11/2011 | en |
dc.subject.jel | E12 | en |
dc.subject.jel | E21 | en |
dc.subject.jel | E22 | en |
dc.subject.jel | E25 | en |
dc.subject.jel | O41 | en |
dc.subject.ddc | 330 | en |
dc.subject.keyword | Finance-dominated capitalism | en |
dc.subject.keyword | distribution | en |
dc.subject.keyword | household debt | en |
dc.subject.keyword | financial fragility | en |
dc.subject.keyword | growth | en |
dc.subject.keyword | Kaleckian model | en |
dc.title | Finance-dominated capitalism, re-distribution, household debt and financial fragility in a Kaleckian distribution and growth model | - |
dc.type | Working Paper | en |
dc.identifier.ppn | 718106059 | en |
dc.rights | http://www.econstor.eu/dspace/Nutzungsbedingungen | en |
dc.identifier.repec | RePEc:zbw:ipewps:112011 | en |
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