Inequality Growth And Hot Money

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Inequality, Growth and ‘Hot’ Money

Author : Pablo G. Bortz
Publisher : Edward Elgar Publishing
Page : 224 pages
File Size : 53,7 Mb
Release : 2016-04-29
Category : Business & Economics
ISBN : 9781784715014

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Inequality, Growth and ‘Hot’ Money by Pablo G. Bortz Pdf

The growing levels of income inequality, an explosion of global financial flows, and a worldwide decline of economic growth have combined to challenge accepted economic wisdom. Utilizing a heterodox approach, Pablo G. Bortz provides a fresh look for understanding the interaction between these three factors while identifying challenges and possible alternatives for an expansionary and progressive economic policy. Reviewing several schools of thought, Inequality, Growth and ‘Hot’ Money explores the risks generated by capital flows and the limitations they impose on progressive economic policies. Professor Bortz then provides instruments and alternatives to pursue an expansionary and equalitarian program, including theoretical contributions to enrich heterodox and progressive economics. Standout features of this book include a review of the challenges that financial flows pose for developing countries; a redefinition of the role of capital controls; a policy approach that separates interest rate policies from a broader credit policy; and a rejection of the negative relationship between a more egalitarian income distribution and sustained economic expansion. Expanding the Kaleckian approach to include financial flows, this accessible introduction to heterodox growth models will be appreciated by graduate students and committed heterodox economists. Research departments at official institutions such as central banks may also be interested, specifically in the book’s models and policy prescription.

Finance, Growth, and Inequality

Author : Mr. Ross Levine
Publisher : International Monetary Fund
Page : 80 pages
File Size : 43,9 Mb
Release : 2021-06-11
Category : Business & Economics
ISBN : 9781513583365

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Finance, Growth, and Inequality by Mr. Ross Levine Pdf

Finance and growth emerged as a distinct field of economics during the last three decades as economists integrated the fields of finance and economic growth and then explored the ramifications of the functioning of financial systems on economic growth, income distribution, and poverty. In this paper, I review theoretical and empirical research on the connections between the operation of the financial system and economic growth and inequality. While subject to ample qualifications, the preponderance of evidence suggests that (1) financial development—both the development of banks and stock markets—spurs economic growth and (2) better functioning financial systems foster growth primarily by improving resource allocation and technological change, not by increasing saving rates. Some research also suggests that financial development expands economic opportunities and tightens income distribution, primarily by boosting the incomes of the poor. This work implies that financial development fosters growth by expanding opportunities. Finally, and more tentatively, financial innovation—improvements in the ability of financial systems to ameliorate information and transaction costs—may be necessary for sustaining growth.

Capital in the Twenty-First Century

Author : Thomas Piketty
Publisher : Harvard University Press
Page : 817 pages
File Size : 44,6 Mb
Release : 2017-08-14
Category : Business & Economics
ISBN : 9780674979857

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Capital in the Twenty-First Century by Thomas Piketty Pdf

What are the grand dynamics that drive the accumulation and distribution of capital? Questions about the long-term evolution of inequality, the concentration of wealth, and the prospects for economic growth lie at the heart of political economy. But satisfactory answers have been hard to find for lack of adequate data and clear guiding theories. In this work the author analyzes a unique collection of data from twenty countries, ranging as far back as the eighteenth century, to uncover key economic and social patterns. His findings transform debate and set the agenda for the next generation of thought about wealth and inequality. He shows that modern economic growth and the diffusion of knowledge have allowed us to avoid inequalities on the apocalyptic scale predicted by Karl Marx. But we have not modified the deep structures of capital and inequality as much as we thought in the optimistic decades following World War II. The main driver of inequality--the tendency of returns on capital to exceed the rate of economic growth--today threatens to generate extreme inequalities that stir discontent and undermine democratic values if political action is not taken. But economic trends are not acts of God. Political action has curbed dangerous inequalities in the past, the author says, and may do so again. This original work reorients our understanding of economic history and confronts us with sobering lessons for today.

Finance, Growth and Inequality

Author : Louis-Philippe Rochon,Virginie Monvoisin
Publisher : Edward Elgar Publishing
Page : 328 pages
File Size : 54,7 Mb
Release : 2019
Category : Electronic
ISBN : 9781788973694

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Finance, Growth and Inequality by Louis-Philippe Rochon,Virginie Monvoisin Pdf

This book brings together some leading and emerging scholars who bring an alternative view on some of the most pressing issues of today. In addition to key concepts in post-Keynesian and heterodox economics, the authors also explore financialization, debt, income distribution, and policies, and the emerging threat of dualism. Policy makers and scholars alike will find the book a much need addition to the field.

Communities in Action

Author : National Academies of Sciences, Engineering, and Medicine,Health and Medicine Division,Board on Population Health and Public Health Practice,Committee on Community-Based Solutions to Promote Health Equity in the United States
Publisher : National Academies Press
Page : 583 pages
File Size : 49,6 Mb
Release : 2017-04-27
Category : Medical
ISBN : 9780309452960

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Communities in Action by National Academies of Sciences, Engineering, and Medicine,Health and Medicine Division,Board on Population Health and Public Health Practice,Committee on Community-Based Solutions to Promote Health Equity in the United States Pdf

In the United States, some populations suffer from far greater disparities in health than others. Those disparities are caused not only by fundamental differences in health status across segments of the population, but also because of inequities in factors that impact health status, so-called determinants of health. Only part of an individual's health status depends on his or her behavior and choice; community-wide problems like poverty, unemployment, poor education, inadequate housing, poor public transportation, interpersonal violence, and decaying neighborhoods also contribute to health inequities, as well as the historic and ongoing interplay of structures, policies, and norms that shape lives. When these factors are not optimal in a community, it does not mean they are intractable: such inequities can be mitigated by social policies that can shape health in powerful ways. Communities in Action: Pathways to Health Equity seeks to delineate the causes of and the solutions to health inequities in the United States. This report focuses on what communities can do to promote health equity, what actions are needed by the many and varied stakeholders that are part of communities or support them, as well as the root causes and structural barriers that need to be overcome.

World Social Report 2020

Author : Department of Economic and Social Affairs
Publisher : United Nations
Page : 216 pages
File Size : 55,9 Mb
Release : 2020-02-14
Category : Social Science
ISBN : 9789210043670

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World Social Report 2020 by Department of Economic and Social Affairs Pdf

This report examines the links between inequality and other major global trends (or megatrends), with a focus on technological change, climate change, urbanization and international migration. The analysis pays particular attention to poverty and labour market trends, as they mediate the distributional impacts of the major trends selected. It also provides policy recommendations to manage these megatrends in an equitable manner and considers the policy implications, so as to reduce inequalities and support their implementation.

Credit, Money and Crises in Post-Keynesian Economics

Author : Louis-Philippe Rochon,Hassan Bougrine
Publisher : Edward Elgar Publishing
Page : 384 pages
File Size : 45,8 Mb
Release : 2020-07-31
Category : Business & Economics
ISBN : 9781786439550

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Credit, Money and Crises in Post-Keynesian Economics by Louis-Philippe Rochon,Hassan Bougrine Pdf

In this volume, Louis-Philippe Rochon and Hassan Bougrine bring together key post-Keynesian voices in an effort to push the boundaries of our understanding of banks, central banking, monetary policy and endogenous money. Issues such as interest rates, income distribution, stagnation and crises – both theoretical and empirical – are woven together and analysed by the many contributors to shed new light on them. The result is an alternative analysis of contemporary monetary economies, and the policies that are so needed to address the problems of today.

Economic Growth and Macroeconomic Stabilization Policies in Post-Keynesian Economics

Author : Hassan Bougrine,Louis-Philippe Rochon
Publisher : Edward Elgar Publishing
Page : 360 pages
File Size : 44,5 Mb
Release : 2020-07-31
Category : Business & Economics
ISBN : 9781786439574

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Economic Growth and Macroeconomic Stabilization Policies in Post-Keynesian Economics by Hassan Bougrine,Louis-Philippe Rochon Pdf

Hassan Bougrine, Louis-Philippe Rochon and the expert contributors to this book explore issues of economic growth and full employment; presenting a clear explanation to stagnation, recessions and crises, including the latest Global Financial Crisis of 2007-8. With a central focus on the role played by government spending, deficits and debt as well as the setting of interest rates, the chapters propose alternative policies that can be used by central banks and fiscal authorities to deal with problems of income inequality, unemployment and slow productivity.

Development Macroeconomics

Author : Basil Oberholzer
Publisher : Edward Elgar Publishing
Page : 291 pages
File Size : 43,6 Mb
Release : 2020-11-27
Category : Business & Economics
ISBN : 9781800371125

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Development Macroeconomics by Basil Oberholzer Pdf

This insightful book offers a comprehensive analysis of how macroeconomics can steer development and reduce poverty. It untangles how developing countries can apply effective economic policies in spite of the challenges they face.

Emerging Economies and the Global Financial System

Author : Bruno Bonizzi,Annina Kaltenbrunner,Raquel A. Ramos
Publisher : Routledge
Page : 290 pages
File Size : 53,9 Mb
Release : 2021-05-05
Category : Business & Economics
ISBN : 9780429658358

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Emerging Economies and the Global Financial System by Bruno Bonizzi,Annina Kaltenbrunner,Raquel A. Ramos Pdf

This book provides a comprehensive overview of the financial integration of emerging economies through an in-depth analysis of the international monetary system, how it impacts capital flows and exchange rates, and its implications for policy making. The financial integration of emerging economies has been a remarkable development of the past two decades. The growth of cross-border transactions and asset ownership, not least through the accumulation of foreign exchange reserves, has put many of these countries in a more prominent, if still peripheral, position within the global financial system. This has not been a smooth process, as integration has been marked by cyclical waves of capital flows, with financial and currency instability often accompanying the acute phases of these cycles. While conventional economic theory traditionally sees financial integration as a positive development, Post-Keynesian economists, working in the tradition of Keynes, Minsky and Kalecki, have long taken a more sceptical viewpoint. By centring the analysis of financial dynamics on concepts as liquidity, uncertainty, balance-sheet structures and institutions, Post-Keynesian theory highlights the intrinsic character of shocks imposed by financial integration upon emerging economies, and their implications for economic growth and distribution. This book demonstrates that these analyses can be fruitfully used to gain a better understanding of financial (in)stability and economic development in emerging economies as they integrate into the global financial system. This work provides key reading for students and scholars of economics, political economy and finance that are interested in the financial integration of emerging economies, and how the heterodox tradition of Post-Keynesian economics contributes to its analysis.

Post-Keynesian Monetary Theory

Author : Marc Lavoie
Publisher : Edward Elgar Publishing
Page : 416 pages
File Size : 43,8 Mb
Release : 2020-09-25
Category : Business & Economics
ISBN : 9781839100093

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Post-Keynesian Monetary Theory by Marc Lavoie Pdf

Post-Keynesian Monetary Theory recaps the views of Marc Lavoie on monetary theory, seen from a post-Keynesian perspective over a 35-year period. The book contains a collection of twenty previously published papers, as well as an introduction which explains how these papers came about and how they were received. All of the selected articles avoid mathematical formalism.

Aggregate Demand and Employment

Author : Brian K. MacLean,Hassan Bougrine,Louis-Philippe Rochon
Publisher : Edward Elgar Publishing
Page : 208 pages
File Size : 55,8 Mb
Release : 2020-03-28
Category : Business & Economics
ISBN : 9781786432056

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Aggregate Demand and Employment by Brian K. MacLean,Hassan Bougrine,Louis-Philippe Rochon Pdf

With an emphasis on developments during and after the Great Recession, and paying due attention to the impacts of austerity policies, the chapters assembled for this book explain that high growth of aggregate demand is as essential as ever for achieving full employment and rising living standards. Written by distinguished Keynesian and Post-Keynesian economists from diverse national backgrounds, the book tackles critical theoretical and empirical issues to illuminate the economic experiences both of large geographic regions such as Europe, Latin America, and Africa, as well as specific national economies including the USA, Japan, India, and Canada.

Elgar Encyclopedia of Post-Keynesian Economics

Author : Louis-Philippe Rochon,Sergio Rossi
Publisher : Edward Elgar Publishing
Page : 475 pages
File Size : 52,6 Mb
Release : 2023-01-13
Category : Business & Economics
ISBN : 9781788973939

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Elgar Encyclopedia of Post-Keynesian Economics by Louis-Philippe Rochon,Sergio Rossi Pdf

This Encyclopedia is an invaluable reference book for post-Keynesian and heterodox economics. It consists of 300 entries, written by 180 different authors. The volume includes entries on key concepts of interest to post-Keynesians as well as descriptions of some of the seminal books in the post-Keynesian tradition. It will interest both students and scholars of heterodox economics, as well as policy makers around the world looking for a better alternative to mainstream economic policies at national and international levels in the aftermath of the global financial crisis that burst in 2008 and the COVID-19 pandemic crisis that began in 2020.

Monetary Policy Challenges in Latin America

Author : Fernando Toledo,Louis-Philippe Rochon
Publisher : Edward Elgar Publishing
Page : 305 pages
File Size : 43,6 Mb
Release : 2023-10-06
Category : Business & Economics
ISBN : 9781802200706

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Monetary Policy Challenges in Latin America by Fernando Toledo,Louis-Philippe Rochon Pdf

This ground-breaking book analyses the severe monetary policy challenges facing Latin American countries. Contributors reflect on how these issues should be addressed by policy-makers, identifying the need for a synergic response from regional central banks.

The Asset Economy

Author : Lisa Adkins,Melinda Cooper,Martijn Konings
Publisher : John Wiley & Sons
Page : 176 pages
File Size : 52,6 Mb
Release : 2020-10-07
Category : Political Science
ISBN : 9781509544226

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The Asset Economy by Lisa Adkins,Melinda Cooper,Martijn Konings Pdf

Rising inequality is the defining feature of our age. With the lion’s share of wealth growth going to the top, for a growing percentage of society a middle-class existence is out of reach. What exactly are the economic shifts that have driven the social transformations taking place in Anglo-capitalist societies? In this timely book, Lisa Adkins, Melinda Cooper and Martijn Konings argue that the rise of the asset economy has produced a new logic of inequality. Several decades of property inflation have seen asset ownership overshadow employment as a determinant of class position. Exploring the impact of generational dynamics in this new class landscape, the book advances an original perspective on a range of phenomena that are widely debated but poorly understood – including the growth of wealth inequalities and precarity, the dynamics of urban property inflation, changes in fiscal and monetary policy and the predicament of the “millennial” generation. Despite widespread awareness of the harmful effects of Quantitative Easing and similar asset-supporting measures, we appear to have entered an era of policy “lock-in” that is responsible for a growing disconnect between popular expectations and institutional priorities. The resulting polarization underlies many of the volatile dynamics and rapidly shifting alliances that dominate today’s headlines.