Secular Stagnation or stagnation policy? Steindl after Summers

Eckhard Hein
IMK, 2015
Level: mittel
Perspektive: Postkeynesianismus
Thema: Krisen, Geld & Schulden
Format: Vortrag / Vorlesung
Dauer: 00:30:53
Link: https://www.youtube.com/watch?v=2gRhk8bxE1M

Eckhard Hein criticises the mainstream's view of secular stagnation as the result of a negative real equilibrium interest rate. Arguing in a Keynesian spirit with particular reference to Steindl, secular stagnation is considered to be a result of shift in the functional income distribution, and oligopolistic organisation of industries, leading to excess capacity and reluctance to invest. This acts as a drag on effective demand and results in secular stagnation. Distributional policies and public investment can, however, overcome stagnation its tendencies.

Go to: Secular Stagnation or stagnation policy? Steindl after Summers

Tags: aggregate demand | demand | endogeneity | equity | financialization | history of economic thought | investment | Loanable Funds | monetary policy | profit rate | rentier | savings | secular stagnation
After a brief illustration of sovereign green bonds’ features, this paper describes the market evolution and identifies the main benefits and costs for sovereign issuers. The financial performance of these securities is then analysed.
2021
Level: mittel
Green Bonds: the Sovereign Issuers’ Perspective
Raffaele Doronzo, Vittorio Siracusa and Stefano Antonelli
Mercati, infrastrutture, sistemi di pagamento
Economist and 2020 Balzan Prize winner for Environmental Challenges: Responses from the Social Sciences and Humanities, Joan Martínez Alier, speaks on the importance of ecological economics and its timeliness around the 2007/2008 global financial crisis. He speaks on the importance of building the field of ecological economics “from the ground up” through praxis.
2012
Level: leicht
Ecological Economics
Joan Martinez Alier
Extraenvironmentalist
In March 2020, the Reserve Bank Board introduced a target for the yield on the three-year Australian Government bond which was discontinued in November 2021. This review examines the experience with the yield target and draws lessons from this experience.
2022
Level: schwer
The pitfalls of yield curve control
Reserve Bank of Australia
Reserve Bank of Australia
Posteo is an innovative email provider that is concerned with sustainability and privacy and is completely ad-free. Our email accounts, calendars and address books can be synchronised - we use comprehensive encryption.
2016
Level: leicht
Mathematisch rationalisierte Ideologieproduktion statt Marktanalyse
Frank Beckenbach
Wirtschaft neu denken: Blinde Flecken in der Lehrbuchökonomie

Spenden

Um sich weiterhin für Pluralismus und Vielfalt in der Ökonomik einzusetzen, benötigt das Netzwerk Plurale Ökonomik e.V. Unterstützung von Leuten wie dir. Deshalb freuen wir uns sehr über eine einmalige oder dauerhafte Spende.

Spenden