This paper responds to the development policy debate involving the World Bank and the IMF on the use of fiscal policy not only for economic stabilization but also to promote economic growth and increase per capita income. A key issue in this debate relates to the effect of the composition of...

The report Fiscal policies for a low-carbon economy makes an important contribution to our understanding of which fiscal policies work best and can be a guide to policy makers as they consider the most effective ways to achieve a low-carbon future. The report finds clear evidence that green...

Frontmatter -- Contents -- Preface and Acknowledgments -- Symbols -- Part 1 . On Theories of Competition and Their Empirical Predictions -- Chapter 1. Introduction and Overview -- Chapter 2. On Theories of Competition -- Part 2. Empirical Evidence on Industrial and Corporate Pricing and...

In this paper we set up a baseline, but nevertheless advanced and complete model representing detailed goods market dynamics, heterogeneous labor markets, dual and cross-dual wage-price adjustment processes, as well as counter-cyclical government policies. The cyclical movements of output...

This authoritative collection of key papers provides an overview of the subject from its beginnings through to current scholarship in this area.

In this paper global macroeconomic dynamics are studied when search frictions are present in both labor and capital markets. On the basis of the Merz (1995) macroeconomic model with labor market frictions and capital accumulation, our paper offers an extension to frictions in capital markets,...

The application of wavelet analysis provides an orthogonal decomposition of a time series by time scale, thereby facilitating the decomposition of a data series into the sum of a structural component and a random error component. The structural components revealed by the wavelet analysis yield...

[eng] This paper focuses on the dynamics of competition and its relation to technical change in Marxian and Schumpeterian tradition. This theoretical tradition is summarized and then formalized in a production price model with transient surplus profit, multiple techniques and interfirm and...

This paper discusses the theoretical background and the empirical evidence for the post-Marxian theory of monopoly. Special attention is given to the theory of monopoly capital and the hypothesis that industrial concentration and the rise of large corporations lead to stable and persistent...