Narrow search
Showing 1 - 10 of 23,118
Cover Image
Structural reforms and the potential effects on the Italian economy
Annicchiarico, Barbara; Di Dio, Fabio; Felici, Francesco - In: Journal of Policy Modeling 35 (2013) 1, pp. 88-109
Since the second half of 2011, after a period of prolonged low growth, Italy has found itself at the center of a severe … cost of government borrowing, exacerbating current economic conditions. At the moment Italy is facing two mounting economic … strengthen medium-term growth prospects. Using the European Commission's model QUEST III with R&D, adapted to Italy, we quantify …
Persistent link: https://www.econbiz.de/10010608435
Cover Image
The multisector applied computable general equilibrium model for Italian economy (MACGEM-IT)
Socci, Claudio; Felici, Francesco; Pretaroli, Rosita; … - In: Italian economic journal : official peer-reviewed … 7 (2021) 1, pp. 109-127
Persistent link: https://www.econbiz.de/10012488061
Cover Image
Chapter 4. Rational Inattention and Monetary Economics
Sims, Christopher A. - In: Handbook of monetary economics : volume 3, (pp. 155-181). 2010
Rational inattention theory is economic theory that recognizes that people have finite information-processing capacity, in the sense of Shannon and engineering information theory. This approach is still in the early stages of development, but it promises to provide a unified explanation for some...
Persistent link: https://www.econbiz.de/10014025676
Cover Image
Circuit theory extended : the role of speculation in crises
Lancastle, Neil - 2012
This paper asks why modern finance theory and the efficient market hypothesis have failed to explain long-term carry trades; persistent asset bubbles or zero lower bounds; and financial crises. It extends Godley and Lavoie (Monetary Economics: An Integrated Approach to Credit, Money, Income,...
Persistent link: https://www.econbiz.de/10009612863
Cover Image
Circuit theory extended: The role of speculation in crises
Lancastle, Neil - In: Economics - The Open-Access, Open-Assessment E-Journal 6 (2012), pp. 1-27
This paper asks why modern finance theory and the efficient market hypothesis have failed to explain long-term carry trades; persistent asset bubbles or zero lower bounds; and financial crises. It extends Godley and Lavoie (Monetary Economics: An Integrated Approach to Credit, Money, Income,...
Persistent link: https://www.econbiz.de/10010954792
Cover Image
Inherited vs Self-Made Wealth: Theory & Evidence from a Rentier Society (Paris 1872-1937)
Piketty, Thomas; Postel-Vinay, Gilles; Rosenthal, Jean … - C.E.P.R. Discussion Papers - 2011
This paper divides the population into two groups: the "inheritors" or "rentiers" (whose wealth is smaller than the capitalized value of their inherited wealth, i.e. who consumed more than their labor income during their lifetime); and the "savers" or "self-made men" (whose wealth is larger than...
Persistent link: https://www.econbiz.de/10009643507
Cover Image
Fiscal consolidation with high growth: A policy simulation model for India
Mundle, Sudipto; Bhanumurthy, N.R.; Das, Surajit - In: Economic Modelling 28 (2011) 6, pp. 2657-2668
In this paper a fiscal consolidation program for India has been presented based on a policy simulation model that enables us to examine the macroeconomic implications of alternative fiscal strategies, given certain assumptions about other macro policy choices and relevant exogenous factors. The...
Persistent link: https://www.econbiz.de/10010577084
Cover Image
Macroéconomie du court terme et politique climatique : quelques leçons d'un modèle d'offre et demande globales
Fagnart, Jean-François; Germain, Marc - In: Recherches économiques de Louvain 80 (2014) 1, pp. 31-60
We introduce the concept of carbon footprint into an aggregate demand and supply model with imperfectly competitive price and wage formation. We analyse the properties of the short-term macroeconomic equilibrium in the presence of a climate policy, which may take the form either of a carbon tax...
Persistent link: https://www.econbiz.de/10011187376
Cover Image
The Effectiveness of Structural Policy in the European Union: An Empirical Analysis for the EU-15 during the Period 1995-2001
Beugelsdijk, Maaike; Eijffinger, Sylvester C W - C.E.P.R. Discussion Papers - 2003
The main aim of Structural Policy is to decrease the regional disparities within the European Union. In 2004 it is expected that ten new member countries join the EU. It is expected that this enlargement will cause strong regional disparities within the Union. For this reason the distribution of...
Persistent link: https://www.econbiz.de/10005666865
Cover Image
Aggregate Supply and Potential Output
Razin, Assaf - C.E.P.R. Discussion Papers - 2004
The New-Keynesian aggregate supply derives from micro-foundations an inflation-dynamics model very much like the tradition in the monetary literature. Inflation is primarily affected by: (i) economic slack; (ii) expectations; (iii) supply shocks; and (iv) inflation persistence. This Paper...
Persistent link: https://www.econbiz.de/10005791322