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Boycott or Buycott?: Internal Politics and Consumer Choices

Cuadras-Morató, Xavier; Raya, Josep Maria - Barcelona Graduate School of Economics (Barcelona GSE) - 2014

Do political tensions affect economic relations? In particular, does politics significantly affect consumer choices? Firms are often threatened by consumer boycotts that pretend to modify their business strategies and behavior. Sometimes these are caused by general political conflicts. The main...

Persistent link: https://www.econbiz.de/10010851366

Nominal Debt as a Burden on Monetary Policy

Díaz-Giménez, Javier; Giovanetti, Giorgia; Marimon, Ramon - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

We study the effects of nominal debt on the optimal sequential choice of monetary policy. When the stock of debt is nominal, the incentive to generate unanticipated inflation increases the cost of the outstanding debt even if no unanticipated inflation episodes occur in equilibrium. Without full...

Persistent link: https://www.econbiz.de/10010851438

Circulation of Private Notes during a Currency Shortage

Cuadras, Xavier - Barcelona Graduate School of Economics (Barcelona GSE) - 2005

This paper provides a search theoretical model that captures two phenomena that have characterized several episodes of monetary history: currency shortages and the circulation of privately issued notes. As usual in these models, the media of exchange are determined as part of the equilibrium. We...

Persistent link: https://www.econbiz.de/10010851497

A Medium-Scale New Keynesian Open Economy Model of Australia

Jääskelä, Jarkko P.; Nimark, Kristoffer - Barcelona Graduate School of Economics (Barcelona GSE) - 2011

We estimate a new Keynesian open economy dynamic stochastic general equilibrium model of Australia with a large number of shocks, frictions and rigidities, matching a large number of observable time series. We find that both foreign and domestic shocks are important drivers of the Australian...

Persistent link: https://www.econbiz.de/10010547106

Marx's Analysis of the Falling Rate of Profit in the First Version of Volume III of Capital

Petith, Howard - Barcelona Graduate School of Economics (Barcelona GSE) - 2003

section of the first version of Volume III of Capital. It then considers Part III of Volume III, the evolution of Marx …'s thought and various interpretations of his theory in the light of this analysis. It is suggested that Marx thought that the … conclusions are: 1. Marx's major attempt to show that the rate of profit must fall occurred in the general law section. 2. Part …

Persistent link: https://www.econbiz.de/10010851376

Capitalism, Unemployment and the Transition to the Contemporary Pattern of Growth

Petith, Howard - Barcelona Graduate School of Economics (Barcelona GSE) - 2005

A new model of unemployment based on an idea of Marx is presented and used to interpret the development of the British …

Persistent link: https://www.econbiz.de/10010547349