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Makroökonomie und europäische Wirtschaftspolitik

Bücher, Buchbeiträge, Journals und Papers (851 Treffer)

We develop and calibrate an analytical growth model in the Post-Keynesian tradition with an endogenous wealth distribution and differential returns to wealth between workers and capitalists. We show that a long-run equilibrium allows for non-zero wealth owned by workers, even as the model contains the "triumph of the rentier" predicted by Piketty as a special case. The model's calibration to ten European countries shows that the distribution of wealth is likely to become more unequal in all cases, barring political countermeasures.
Vortrag, 17.12.2019
Veranstalter: Statistik Austria, Fachbeirat Unternehmenstatistik und Außenhandel
Vortrag, Wien, 10.12.2019
Veranstalter: Vereinigung der Österreichischen Industrie
Austrian Institute of Economic Research economist Margit Schratzenstaller's intervention focused on the bigger picture. "Future-proofing fiscal policies is key to implementing current action plans to address increasing inequality, migration, and global warning", she said. A reform of the rules is therefore imperative to close the 600 billion € investment gap that the EU currently faces. A reformed EU budget should finance expenditure that yields more returns when engaged at the EU level, like R&D, and should be financed with innovative taxes that cannot be properly implemented at national level, like a financial transaction tax and an airline travel tax. Finally, "we desperately need a harmonisation of tax policy" she said, "to shift the burden away from labour taxation towards profit taxation, through for instance a minimum corporate tax".
Vortrag, Tulln, 18.11.2019
Veranstalter: Unternehmensservice der Stadtgemeinde Tulln
Vortrag, Wien, 14.11.2019
Veranstalter: Wirtschaftskammer Wien, Landesgremium Wien des Maschinen- und Technologiehandels, Sparte Handel
Vortrag, Vienna, 13.11.2019
Veranstalter: Bundesministerium für Europa, Integration und Äußeres
Vortrag, Pamplona, 25.10.2019
Veranstalter: Universidad de Navarra
Vortrag, Stollhof an der Hohen Wand, 17.10.2019
The paper investigates how including the distribution of wealth changes the demand effects of redistributing functional income. It develops a model with an endogenous wealth distribution and shows that the endogenous rise in wealth inequality resulting from a redistribution towards profits weakens the growth effects of this redistribution. Consequently, a wage-led regime becomes more strongly wage-led. A profit-led regime on the other hand becomes less profit-led and there may even be a regime switch – in this case the short-run profit-led economy becomes wage-led in the long run due to the endogenous effects of wealth inequality. The paper thereby provides a possible explanation for the instability of demand regimes over time.
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