NEW Working Paper
Authors: @DabrowskiCara, @sonia_wk
Does #financialization influence functional income distribution? The paper draws on #Kaleckian mark-up pricing theory to investigate its impact on the Austrian and Finnish #wage shares through three re-distributive channels.
In diesen düsteren Zeiten braucht es dringend eine neue Debatte über Wirtschaftspolitik. Wir brauchen greifbare Alternativen zum Neoliberalismus und zum Aufstieg der extremen Rechten.
Deshalb haben wir @surplusmagazin gegründet!
@adam_tooze@MauriceHoefgen@lukas_scholle
Hot off the press: Paper by @alichtenberger_ &
@RobertStehrer explores the impact of gas price shocks on prosperity in 🇦🇹. While CO₂-intensive sectors suffer severely and for a longer time, sectors with a smaller CO₂ footprint are more resilient.
➡️https://t.co/G0qgbfZ77x
Bis zur Nationalratswahl haben Bundeskanzler und Finanzminister beharrlich erklärt, das Budgetdefizit 2024 werde unter der Euro-Grenze von 3% bleiben.
Der Fiskalrat hat das seit dem Frühjahr anders gesehen. Und seine Prognosen seither werden nicht optimistischer, im Gegenteil:
Trump's tax proposals only cut taxes for the very rich.
Americans with the lowest incomes would see the largest tax increase as a share of their income.
🇩🇪 finance minister Lindner again demands a reduction in corporate taxes to boost growth. As we show in a recent paper, the empirical evidence does *not* support this: growth effects are regularly exaggerated, and particularly weak when goverment spending is cut at the same time.
Read our INET working paper on the limitations of environmental DSGE models and their implications for the macroeconomics of the climate crisis. 1/n
https://t.co/8w30rpliL4
New IMF Fiscal Monitor provides estimates showing that fiscal consolidation measures always reduce output and consumption - cuts in public investment are particularly detrimental. "If taxes are progressive, raising them leads to smaller output losses."
📢 Call for Abstracts! 🌱
Wir freuen uns, euch am 28.März zur ersten Forum for Future Economists (FFE) - Konferenz an der WU Wien einzuladen! 🧠 Thema:
„25 Jahre bis 2050: Auf dem Weg zu einer klimaneutralen Wirtschaft“
Konferenz für Studierende!
Involuntary temporary employment is often overlooked in macro analysis. It affects wage growth as much as unemployment, esp. in countries with weak wage-setting institutions.
On @voxeu Paul Ramskogler, Aleksandra Riedl (both @oenb) & I summarize our work
https://t.co/aoVySb5Ua9
I had the opportunity to present and participate at the #28FMM - Conference! It was a pleasure speaking about my forthcoming working paper on the financialization-distribution-inflation #nexus - many thanks for all the engaging questions and comments! @FMM_macro
Third panel discussion at #28FMM conference: “Income Equality And Time Prosperity As Preconditions For A Better Economy?”
Great discussions with @tillvantreeck (@ifso_due), @OrlamKelly (@ucddublin) and Robert Frank (@Cornell).
For the livestream: https://t.co/lKd3URT8B3
Lest mal alle den tollen Blog von Daniel Situm zum Beitrag von Pirmin Fessler und Martin Schürz aus dem Sozialbericht:
Sozialbericht 2024: Privateigentum und Zugang zu Ressourcen: Wege zu einer egalitären Gesellschaft in Österreich https://t.co/Q8aG3tgWJ3
"What are the odds?
Development of homeownership of austrian households since 1990 and the significance of intergenerational transfers"
Today I had the pleasure of presenting my master's thesis at the young economist conference.
#yec2024
The first #yec2024 keynote lecture by @BJMbraun on wealth regimes and the rise of institutional capital just started. I am excited, and so seem our guests, for Benjamin's insight into the institutional dynamics of capital ownership.
Last Thursday and Friday, the “Economic Policies in the Context of the Socio-Ecological Transition” workshop took place at HWR. Supported by @ysi_commons and @IPE_Berlin , around 15 students presented their research, receiving feedback from senior scholars and their peers.
Obwohl 🇦🇹 bei #Vermögensungleichheit in Europa im Spitzenfeld liegt, dominieren in der medialen Berichterstattung negative Narrative über #Vermögenssteuern. Magdalena Maad & @Alex_Ander_1209 haben in einer Studie deutschsprachige Printmedien analysiert: https://t.co/RcHOYXVyF1
Day5 of @FMM_macro summer school: @YannisDafermos and @M_Nikolaidi give a lecture in Stock-Flow-Consistent Modelling,focussing on Ecological Modelling. In contrast to DSGE models, the economy in SFC-Models is a subsystem of the eco-system and it's not only about Carbon Prices.
Fed findings are consistent with our analysis. We argue: margins increased in some systemically significant sectors like oil & gas & in sectors with temporary monopolies like cars, but the dominant trend of sellers‘ inflation is margin protection in response to cost shocks.