https://hdl.handle.net/10419/44912 University of Hamburg, Centre for Economic and Sociological Studies (CESS/ZÖSS) Fri, 16 Oct 2026 16:08:13 GMT 2026-10-16T16:08:13Z https://hdl.handle.net/10419/338093 Title: Ungleicher Zugang zum Recht in Deutschland Authors: Huke, Nikolai Thu, 01 Jan 2026 00:00:00 GMT https://hdl.handle.net/10419/338093 2026-01-01T00:00:00Z https://hdl.handle.net/10419/338094 Title: Distributive conflict and wage formation in Germany: A Kaleckian perspective on nominal wages and demand (1990-2024) Authors: Boughabi, Houssam Abstract: This paper investigates the interplay between distributive conflict, wage dynamics, and persistent unemployment within a Kaleckian framework, emphasizing the long-memory properties of wages. We develop a stochastic model in which wages adjust adaptively to cumulative historical discrepancies between prices and wages, reflecting backward-looking expectations, institutional rigidities, and distributive conflict. Applying this framework to Germany over the period 1990-2024, we provide empirical evidence that persistent price- wage divergences generate long-lasting effects on real wages and aggregate demand. Within a Kaleckian perspective in which investment and employment are demand-driven, these wage dynamics contribute to the persistence of unemployment by weakening consumption and effective demand over time. Our findings highlight that long-memory wage adjustment amplifies the macroeconomic consequences of distributive conflict and inflation, underscoring the importance of historical wage inertia in shaping employment outcomes. The results offer new insights into the structural origins of persistent unemployment in advanced economies. Thu, 01 Jan 2026 00:00:00 GMT https://hdl.handle.net/10419/338094 2026-01-01T00:00:00Z https://hdl.handle.net/10419/340842 Title: Beyond neutrality: Uncovering the sectoral and distributional consequences of monetary policy in the Nordic countries Authors: Khawaja, Jawad; Raza, Hamid Abstract: While mainstream macroeconomics has long treated distributional issues as secondary, often dismissing them as outside the purview of monetary policy, the post-Keynesian tradition emphasizes that income distribution, financial positions, and class dynamics are central to understanding macroeconomic outcomes. Drawing on this rich theoretical framework, this paper empirically investigates the distributive and sectoral consequences of monetary policy, an important but often neglected area within post-Keynesian empirical research. Using data for three Nordic countries (Denmark, Sweden, and Finland), we provide empirical evidence on how contractionary monetary policy shocks propagate through functional income shares, compress private demand, and reconfigure financial balances of the institutional sectors. Our paper bridges the gap between post-Keynesian theoretical insights and the empirical rigour essential in policy development. The results show that interest rate changes are not only non-neutral but fundamentally distributive, systematically redistributing income and reshaping balance sheets. Thu, 01 Jan 2026 00:00:00 GMT https://hdl.handle.net/10419/340842 2026-01-01T00:00:00Z https://hdl.handle.net/10419/341982 Title: The revolution that was - or wasn't: A meta-analysis of the Keynesian revolution debate Authors: Heise, Arne Abstract: Following Lawrence Klein's designation of a 'Keynesian Revolution', the impact of John Maynard Keynes's The General Theory of Employment, Interest and Money has remained contested. While early interpretations viewed it as a refinement of neoclassical equilibrium theory, later accounts increasingly characterized it as revolutionary break. Drawing on a meta- synthesis of journal articles explicitly addressing the Keynesian Revolution, this paper shows that such claims are typically justified intuitively rather than on explicit philosophy-of-science grounds, even after Thomas S. Kuhn's Structure of Scientific Revolutions. Where analytical criteria are applied, conclusions hinge on whether Keynes's theory transforms the ontological and epistemological foundations of economics or merely modifies them. The findings suggest that most interpretations reflect intra-paradigmatic variation rather than a genuine scientific revolution suggesting 'a revolution that never was'. Thu, 01 Jan 2026 00:00:00 GMT https://hdl.handle.net/10419/341982 2026-01-01T00:00:00Z