This paper presents a new formulation of conflict inflation labeled the “pass-through” approach, which contrasts with the existing “pressure balance” approach. The model generates Phillips styled inflation - unemployment dynamics that are a hybrid of Keynesian and NAIRU dynamics.

Investigating the interdependence of global and domestic environmental inequalities to explain China’s rise to power The theory of ecologically unequal exchange (EUE) suggests that there exists an asymmetric transfer of biophysical resources from the periphery to the core.

This article integrates monetary policy into a very simple dynamic supermultiplier model with an accommodating supply side. Results show that monetary policy guided by a conventional Taylor rule may stabilize an economy around the steady-state path of demand-led growth following temporary demand shocks.

The study examines the distribution of roles between monetary and fiscal policy in stabilising the price level. It shows that it makes sense to commit not only the central bank but also the government to the target of price stability. This is particularly true in the European Monetary Union, where the European Central Bank can only react inadequately to national shocks.

Although GDP per capita in the U.S. is 21 percent above Germany (2022), comparing living conditions with 80 indicators shows a score of 23:6 for Germany. Here, annual working time is much shorter, and in the areas of environment, health, individual and social security, and gender equity Germany is far ahead. In the U.S., individual consumption, housing and education score slightly better.

Neoliberalism eviscerated the value-sharing ethos of the post-war Golden Age (1945-73), seeking to maintain social cohesion in civil society by 'managing the discontent of the losers'. This involved reconciling working households to the realities of the neoliberal labour market by means of coercion, distraction, and debt accumulation - the latter serving to limit the growth of consumption inequality in the face of burgeoning income inequality.