[PDF] Top 20 ← Return to Article Details Minsky on “Big Government”

... Based on a theoretical critique of mainstream economics and powerfully de- fending an effective and active role for government action on the economy, the Minskyan literature, until recently a matter ... See full document

... authorities to reduce the unemployment by inflationary ...supply on employment in the long run, while an increase in inflation is not ...eliminated. On the other hand, if rules were to be ... See full document

... system to ‘incoherent’ ...[...] minsky used the expression ‘to sell position to make position’ to characterize what asset holders try to do in these circumstances: its end result ... See full document

... of government borrowing and spend- ing on the budget according to the doctrine of ‘sound ...Keynesians, on the other hand, are concerned with the impact of government spending on ... See full document

... falls to 2%, then the real interest rate must fall to ...rise to 5.1% of GDP just to maintain the existing debt- to-GDP ...unlikely to generate economic growth and it also stands ... See full document

... appropriate to use when discussing China’s current situation and future prospects and the kind of institutional configuration that’s likely to emerge from its successive waves of re- ...ability to ... See full document

... going on mostly through gradual expansion in post-war international ...compared to the domestic or internal market. It encouraged countries to stimulate demand through export surplus, rather than ... See full document

... a government of the “right”, there exists stable political economy equilib- rium: some reforms are made and the economy has a median ...a government of the “left”, such median equilibrium is ...the ... See full document

... period. Government has recently made attempts to lead the economy into a more “normal” configuration for these key macroeconomic ...bound to fail. According to their view, real equilibrium ... See full document

... complex to analyse in one go: results are obtained by mak- ing closures which are partial and ...the government sector does not feature prom- inently in the book but the importance of the method of ... See full document

... order to avoid price theory, but that left him help- less to provide a logical solution to the contradiction contained in his ...tried to call back production conditions by a short reference ... See full document

... constraints on governments de- scribes aspects of ...phrase to de- scribe how governments everywhere, in this age of globalization, compete with each other to harmonize policies and earn the ... See full document

... confli- to, estendendo-o a outras “arenas” (a ONU, a Organização Mundial da Saúde), introduzindo novos atores (ONGs, vários governos, segmentos importantes da opinião pública nos países desenvolvidos) e pondo ... See full document

... Desde o início dos anos 2000 vários economistas latino‑americanos vêm pro‑ curando desenvolver uma alternativa estruturalista e keynesiana para os países de renda média tanto em termos teóricos de política econômica. ... See full document

... effects on income distribution: the higher it is, the stronger the probability of an increase in ...tend to produce a permanent increase in inequalities and poverty ...According to him, since 1950 ... See full document

... ABstrACt : the initiative of the unified system for regional Compensation, the so-called suCre, concerted among the main countries that comprise ALBA, born in a context of great international turmoil caused by the ... See full document

... is to use the intertemporal open macro models, and the solvency econometric tests derived from them, to analyze the original Feldstein and Horioka saving-investment ...then to argue that it is ... See full document

... 1990s on, due to the presence of external financial ...impact on Brazil was minimal, and it retained its public banks, which are one of the most important finance institutions constructed during the ... See full document

... is to be com- pleted by rendering the real fully convertible into other ...leads to either higher domestic interest rates or a more depreciated domestic currency or ... See full document

... A adoção mecânica dessa política levou e leva ainda o Banco Central a manter es- sa taxa de juros em um nível mínimo absurdo de 9% reais, e a aumentar a Selic to- da a vez que há uma perspectiva de aumento da ... See full document