The paper provides an explanation for the puzzling decoupling between the rate of growth of financial profits and GDP in the 2000s. Drawing on the insights from Keynes, Minsky, and Hilferding, the paper identifies a peculiar type of profit
A Puzzling Rise in Financial Profits and the Role of Capital Gain-Like Revenues
- Type of publication: Working Paper
- Research or In The Media: Research
- Research Area: Finance, Jobs & Macroeconomics
- Publication Date: 2014-04-22
- View pdf
- Show in Front Page Modules: Yes
- JEL Codes: B50
