Arbeitspapier
Financialization in Kaleckian economies with and without labor constraints
Most Kaleckian models assume a perfectly elastic labor supply, an assumption that is questionable for many developed economies. This paper presents simple labor-constrained Kaleckian models and uses these models to compare the implications of financialization under labor-constrained and dual-economy conditions. The paper complements the analysis in Skott and Ryoo (2008) which did not include labor-constrained Kaleckian economies. We show that for plausible parameter values the financial changes commonly associated with fiancialization tend to be expansionary in both dual-economy and labor-constrained settings.
- Sprache
-
Englisch
- Erschienen in
-
Series: Working Paper ; No. 2008-05
- Klassifikation
-
Wirtschaft
General Aggregative Models: Keynes; Keynesian; Post-Keynesian
Financial Markets and the Macroeconomy
- Thema
-
financialization
stock-flow consistency
labor constraints
Kaleckian model
Monetäre Wachstumstheorie
Postkeynesianismus
Finanzsektor
Arbeitsangebot
Dualökonomie
Theorie
Monetäre Wachstumstheorie
Postkeynesianismus
Finanzsektor
Arbeitsangebot
Dualökonomie
Theorie
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Ryoo, Soon
Skott, Peter
- Ereignis
-
Veröffentlichung
- (wer)
-
University of Massachusetts, Department of Economics
- (wo)
-
Amherst, MA
- (wann)
-
2008
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:42 MEZ
Datenpartner
Dieses Objekt wird bereitgestellt von:
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Arbeitspapier
Beteiligte
- Ryoo, Soon
- Skott, Peter
- University of Massachusetts, Department of Economics
Entstanden
- 2008
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