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Von der Finanzkrise zur Weltwirtschaftskrise (I)

Author

Listed:
  • Gustav A. Horn
  • Heike Joebges
  • Torsten Niechoj
  • Christian R. Proaño
  • Simon Sturn
  • Silke Tober
  • Achim Truger
  • Till van Treeck

Abstract

Die Weltwirtschaft befindet sich in einer der dramatischsten Episoden ihrer jüngsten Geschichte. Die weltweite Produktion von Gütern und Dienstleistungen verzeichnet einen Einbruch in einem seit der Weltwirtschaftskrise 1929/30 nicht gekannten Ausmaß. Aber neben diesen ökonomischen Effekten markiert die aktuelle Krise auch eine Zäsur, die das Verständnis des Marktsystems verändert. Wie schon nach der Weltwirtschaftskrise in den dreißiger Jahren tritt nunmehr die stabilisierende Rolle des Staates in den Vordergrund. Viele Wurzeln der Krise, die zunehmende Ungleichheit der Einkommen, die außenwirtschaftlichen Ungleichgewichte und die fehlende Regulierung im Bankensektor können erst auf längere Sicht beseitigt werden. Auf kurze Sicht ist erforderlich, dass schnellstmöglich Strukturreformen im Bankensektor vorgenommen werden, die einerseits die Banken von ihren Problemaktiva entlasten, sie andererseits aber an der Fortsetzung ihrer bisherigen destabilisierenden Praxis hindern. Die Geldpolitik muss rasch auf eine energische Anti-Deflationspolitik einschwenken, das heißt Null-Zinsen auf der einen Seite und Aufkauf von Wertpapieren auf der anderen Seite, bis die Deflationsgefahr gebannt ist. Die Finanzpolitik muss ein drittes Konjunkturpaket auflegen, das international koordiniert sein sollte und mit langfristigen politischen Zielen verbunden sein muss.

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  • Gustav A. Horn & Heike Joebges & Torsten Niechoj & Christian R. Proaño & Simon Sturn & Silke Tober & Achim Truger & Till van Treeck, 2009. "Von der Finanzkrise zur Weltwirtschaftskrise (I)," IMK Report 38-2009, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
  • Handle: RePEc:imk:report:38-2009
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    1. repec:clr:wugarc:y:2011:v:37i:3p:378 is not listed on IDEAS
    2. Georg Feigl & Josef Zuckerstätter, 2012. "Wettbewerbs(des)orientierung," Working Paper Reihe der AK Wien - Materialien zu Wirtschaft und Gesellschaft 117, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik.
    3. Markus Marterbauer, 2010. "Budgetpolitik im Zeitalter verminderter Erwartungen," IMK Working Paper 6-2010, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    4. Detzer, Daniel & Hein, Eckhard, 2014. "Financialisation and the financial and economic crises: The case of Germany," IPE Working Papers 44/2014, Berlin School of Economics and Law, Institute for International Political Economy (IPE).
    5. Gustav A. Horn & Heike Joebges & Torsten Niechoj & Christian R. Proaño & Simon Sturn & Silke Tober & Achim Truger & Till van Treeck, 2009. "Von der Finanzkrise zur Weltwirtschaftskrise (I)," IMK Report 38-2009, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    6. Georg Feigl & Sepp Zuckerstätter, 2013. "Wettbewerbs(des)orientierung. WWWforEurope Policy Paper Nr. 2," WIFO Studies, WIFO, number 46674, January.
    7. Daniel Detzer & Eckhard Hein, 2014. "Finance-dominated capitalism in Germany – deep recession and quick recovery," Working papers wpaper54, Financialisation, Economy, Society & Sustainable Development (FESSUD) Project.
    8. repec:clr:wugarc:y:2011:v:37i:2p:233 is not listed on IDEAS
    9. Adler, Martin & Schmid, Kai Daniel, 2013. "Factor Shares and Income Inequality. Empiral Evidence from Germany 2002 – 2008," Schmollers Jahrbuch : Journal of Applied Social Science Studies / Zeitschrift für Wirtschafts- und Sozialwissenschaften, Duncker & Humblot, Berlin, vol. 133(2), pages 121-132.
    10. Bruno Rossmann, 2011. "Die neue europäische Steuerungsarchitektur - "More of the same" statt Paradigmenwechsel," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 37(2), pages 233-268.
    11. Achim Truger, 2010. "Schwerer Rückfall in alte Obsessionen – Zur aktuellen deutschen Finanzpolitik," European Journal of Economics and Economic Policies: Intervention, Edward Elgar Publishing, vol. 7(1), pages 11-24.
    12. Alois Guger, 2012. "Einkommensverteilung als Krisenursache," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 38(2), pages 345-356.
    13. repec:clr:wugarc:y:2012:v:38i:2p:357 is not listed on IDEAS
    14. Engelbert Stockhammer, 2011. "Polarisierung der Einkommensverteilung als strukturelle Ursache der gegenwärtigen Finanz- und Wirtschaftskrise," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 37(3), pages 378-402.
    15. Hagen Kraemer, 2011. "Die Entwicklung der funktionalen Einkommensverteilung und ihrer Einflussfaktoren in ausgewählten Industrieländern 1960-2010," IMK Studies 1-2011, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    16. Alexander Herzog-Stein & Fabian Lindner & Simon Sturn & Till van Treeck, 2010. "Vom Krisenherd zum Wunderwerk?," IMK Report 56-2010, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    17. Georg Feigl & Markus Marterbauer & Miriam Rehm, 2012. "Einkommensverteilung und Krise," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 38(2), pages 357-367.
    18. Alexander Herzog-Stein & Fabian Lindner & Rudolf Zwiener, 2013. "Is the supply side all that counts?," IMK Report 87e-2013, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    19. Markus Marterbauer, 2010. "Budgetkonsolidierung in Zeiten verminderter Erwartungen," Wirtschaft und Gesellschaft - WuG, Kammer für Arbeiter und Angestellte für Wien, Abteilung Wirtschaftswissenschaft und Statistik, vol. 36(3), pages 299-323.
    20. Gustav A. Horn & Alexander Herzog-Stein & Silke Tober & Achim Truger, 2012. "Den Bann durchbrechen - Wirtschaftspolitische Herausforderungen 2012," IMK Report 70-2012, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
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