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No More Rocking Horses: Trading Business-Cycle Depth for Duration Using an Economy-Specific Characteristic.
Mikhail, Ossama - EconWPA - 2004
, this missing parameter hypothesizes that Frisch's 'rocking-horse theory' of the business cycle is an inaccurate description …
Persistent link: https://www.econbiz.de/10005076708
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An inquiry into the multiplier process in IS-LM model
ziran, Li; weiye, Li - EconWPA - 2001
The multiplier theory is still an important analytical tool in many macroeconomic textbooks. For example, a number of … textbook authors use the theory to explain the process of growth in goods market by expanding the multiplier process into a …¡¯s deduction of the "monetary transmission mechanism", and then analyze the main problems and discuss the multiplier theory …
Persistent link: https://www.econbiz.de/10005125655
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Liquidity Preference Theory Revisited—To Ditch or to Build on It?
Bibow, Joerg - EconWPA - 2005
This paper revisits Keynes’s liquidity preference theory as it evolved from the Treatise on Money to The General Theory … and after, with a view of assessing the theory’s ongoing relevance and applicability to issues of both monetary theory and … policy. Contrary to the neoclassical “special case” interpretation, Keynes considered his liquidity preference theory of …
Persistent link: https://www.econbiz.de/10005126066
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A PUSH TO GEORGE ( IN ) BUSH
DR.VSR.SUBRAMANIAM - EconWPA - 2005
An imperative need has arisen to provide a Constructive push to the President Bush. American population, Corporate units, Expatriates and all nations with their currency related to US $, are not happy in the current $ dipping situation. Even the currencies of poor nations are galloping upward in...
Persistent link: https://www.econbiz.de/10005556940
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KALECKI'S THEORY OF INCOME DETERMINATION: A RECONSTRUCTION AND AN ASSESSMENT
Chilosi, Alberto - EconWPA - 2003
The paper considers the legacy for modern macroeconomics of Kalecki’s theory of income determination. The latter is …
Persistent link: https://www.econbiz.de/10005126093
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Inside the Economist's Mind: The History of Modern Economic Thought, as Explained by Those Who Produced It
Barnett, William A.; Samuelson, Paul A.; Weintraub, E. Roy - EconWPA - 2005
This is the front matter from a book of interviews to be published by Blackwell. The book is coedited by W. A. Barnett and P. A. Samuelson. The front matter includes the Table of Contents, Coeditor Preface by W. A. Barnett, Coeditor Foreword by Paul A. Samuelson, and History of Thought...
Persistent link: https://www.econbiz.de/10005126071
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Micro Takes Over Macro
Gani, M - EconWPA - 2004
An analytical innovation enhances microeconomics, enabling it to answer all questions of macroeconomics. It combines the production and consumption decisions of the individual in one model. For each individual, it identifies the customers of what he sells, and the suppliers of what he buys. It...
Persistent link: https://www.econbiz.de/10005412698
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An Interview with Paul A. Samuelson
Barnett, William A.; Samuelson, Paul A. - EconWPA - 2004
This paper consists of the page proofs of W. A. Barnett's interview of Paul A. Samuelson, to appear in print in the journal, Macroeconomic Dynamics, in September 2004. To our knowledge, this is the first and only interview of Paul A. Samuelson published in a professional economics journal. In...
Persistent link: https://www.econbiz.de/10005561048
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Measures of the Real GDP of U.S. Trading Partners: Methodology and Results
Santos, Claudio H. Dos; Shaikh, Anwar M.; Zezza, Gennaro - EconWPA - 2003
This paper provides the details of the construction of new quarterly measures of the real GDPs of the 36 U.S. trading partners that are taken into consideration by the Federal Reserve in its "broad exchange rate" indexes. These new measures have some important advantages. First, they allow the...
Persistent link: https://www.econbiz.de/10005124901
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Consumers Sentiment and Cognitive Macroeconometrics Paradoxes and Explanations
Bovi, Maurizio - EconWPA - 2005
Using data from the Business Surveys Unit of the European Commission, this paper examines how, and how accurately, people assess economic systems. As expected, respondents demonstrate to know their own situation better than the system wide one, and the past better than the future. Also,...
Persistent link: https://www.econbiz.de/10005125017