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"Relative Movements of Real Wages and Output" : how does Keynes's 1939 essay relate to his Principle of effective demand?

Hartwig, Jochen - 2014

General Theory because, in this essay, Keynes relaxed his core assumption of decreasing marginal returns to labour. Non …-decreasing marginal returns, however, do not sit comfortably with the prime innovation of the General Theory: the Principle of Effective … General Theory thus has to be put into perspective. …

Persistent link: https://www.econbiz.de/10010338133

Network neutrality, access to content and online advertising

D'Annunzio, Anna; Russo, Antonio - 2013

We investigate the implications of Network Neutrality regulation for Internet fragmentation. We model a two-sided market, where Content Providers (CPs) and consumers interact through Internet Service Providers (ISPs) and CPs sell consumers' attention to advertisers. Under Network Neutrality, CPs...

Persistent link: https://www.econbiz.de/10010201164

Gateveys : an R toolbox for re-traceable aggregation of business tendency survey data

Bannert, Matthias - 2013

This paper describes how to use the R package gateveys to establish a transparent and reproducible aggregation work flow for longitudinal data stemming from business tendency surveys (BTS). Business tendency survey researchers are addressed in particular though the suggested work flow could also...

Persistent link: https://www.econbiz.de/10009692585

Imitation versus innovation : what makes the difference?

Arvanitis, Spyridon; Seliger, Florian - 2014

The main objective of this empirical paper is to identify characteristics of imitation and innovation and shed light on possible differences between these two kinds of innovative activity. Thus, it tries to answer the following questions: (a) what are the determinants of imitative performance...

Persistent link: https://www.econbiz.de/10010399271

A note on the representative adaptive learning algorithm

Berardi, Michele; Galimberti, Jaqueson K. - 2014

We compare forecasts from different adaptive learning algorithms and calibrations applied to US real-time data on inflation and growth. We find that the Least Squares with constant gains adjusted to match (past) survey forecasts provides the best overall performance both in terms of forecasting...

Persistent link: https://www.econbiz.de/10010344932

Agency and communication in IMF conditional lending : theory and empirical evidence

Marchesi, Silvia; Sabani, Laura; Dreher, Axel - 2009

the countries' authorities, openness, and transparency, consistently with the theory. -- IMF conditionality ; delegation …

Persistent link: https://www.econbiz.de/10003908576

Sticky prices, competition and the Phillips curve

Mikosch, Heiner Felix - 2012 - This version: January 9, 2012

weak competition. In line with the theory, prices of products, that face very strong competition, are also less likely to …

Persistent link: https://www.econbiz.de/10009413270

Endogenous persistence with recursive inattentiveness

Dräger, Lena - 2011

The DSGE model with endogenous and time-varying sticky information in Dräger (2010) is extended by allowing agents’ recursive choice between forecasts under rational or sticky information to affect the model solution. Dynamic equilibrium paths generate highly persistent series for output,...

Persistent link: https://www.econbiz.de/10009270313

Keynes's aggregate supply function : everything you always wanted to know about Z

Hartwig, Jochen - 2011

The paper suggests a consistent interpretation for the much debated Z-footnote on pp. 55-56 of the General Theory and …

Persistent link: https://www.econbiz.de/10009270328

Nominal stability and Swiss monetary regimes over two centuries

Kaufmann, Daniel - 2015

This paper documents nominal stability in Switzerland from 1805 to 2013 using a data set on annual price, wage and nominal GDP changes. The trends of these indicators are estimated by an unobserved-components stochastic-volatility model in order to control for short-term fluctuations and...

Persistent link: https://www.econbiz.de/10010508343