https://hdl.handle.net/10419/44913 Sat, 07 Nov 2026 17:41:25 GMT 2026-11-07T17:41:25Z 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/10419/343056 Title: Tracing dividing lines in the analysis of time and uncertainty: Keynes's logical probability and Ramsey's subjective probability in contrast Authors: Brüggemann, Kai Abstract: This article argues that Keynes's inquiry into probability constitutes a theory of rational choice under uncertainty that is distinct from the subjective probability approach. Ramsey's theoretical treatment, in contrast to Keynes's, anticipates the mathematization of economic theory by introducing the possibility of numerically precise expressions of expectations under uncertainty. His essay reveals how this approach relies on idealized formalizations, most notably illustrated through the analogy between decision-making and betting. In doing so, Ramsey's account aims to provide a descriptive analysis of human behaviour under uncertainty. Both analyses indicate the limits to the mathematical inquiry of decisions under uncertainty by exposing the limits of induction. While this issue remains largely absent from Ramsey's analysis, it is constitutive of Keynes's account. Thus, although both approaches seek to develop concepts of rational choice under conditions of incomplete knowledge, the normative issues arising from the epistemic conception of uncertainty central to Keynes's analysis remain excluded from Ramsey's inquiry. Contrasting the two accounts reveals how distinct analyses of the economy can be traced back to different epistemic standpoints on uncertainty in decision-making. Thu, 01 Jan 2026 00:00:00 GMT https://hdl.handle.net/10419/343056 2026-01-01T00:00:00Z